Word: indigo
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Dates: during 2000-2009
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...carriers find themselves in a peculiar bind. Demand is high: the number of domestic travelers is forecast to grow at least 25% a year through 2010, according to the Sydney-based Centre for Asia Pacific Aviation (CAPA), an industry consultancy. Yet carriers such as low-cost upstarts Air Deccan, IndiGo, GoAir and SpiceJet have added so many flights--even though there's no place to land them--that profit-destroying fare wars have broken out. Air Deccan, for example, advertises a fare of just $6.60 plus taxes for a 45-min. flight from New Delhi to Jaipur. Add in higher...
...improve operating efficiencies and cut costs by up to $150 million a year. Similar competitive advantages are being sought by Jet Airways. Jet became India's most successful airline after launching in 1993, but in recent years it has lost market share to low-cost upstarts like Air Deccan, IndiGo, GoAir and SpiceJet. Merging with Air Sahara will give Jet 27 additional aircraft and, perhaps more importantly, more gates at congested airports...
Cosslett, 52, is a general among road warriors, CEO of InterContinental Hotel Group, the outfit based in Windsor, England, that is the parent for the 148 InterContinental hostelries worldwide, as well as Holiday Inn, Staybridge Suites, Crowne Plaza and Indigo brands. And under his command IHG is invading new territory. Last year the company planted 26 more InterContinental flags, up 40%, including in Los Angeles, Red Square, Tokyo and Chengdu; Holiday Inn added 700 franchises...
...They'll need to achieve year-round occupancy rates of more than 85% to be profitable, he says, which could prove a tough target in a segment of the market that is already competitive, and becoming more so. Established chains, such as the Hard Rock Hotels and Intercontinental's Indigo chain, are opening small-room, limited-service hotels in cities such as Chicago and Houston, and have international expansion plans, Kyriakidis says...
...moment earlier it had been afternoon, the sky still indigo; now from within the glamorous bubble of white-hot glow, night had fallen over the rest of the city, it seemed. Skaggs' favorite hours in New York had always been the gradual, liminal recession of day into night, the daily autumn, with each of its slow, soft, ambiguous gradations of deepening color and shadow. But twilight had been rendered obsolete by the New York Gas Light Company. Half the city's streetlamps were...