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...executives on the ground: "Tourists shifted their travel habits during this period of time; they chose closer and less-expensive destinations." Philip Yong, a leading tour operator in Sarawak, says, "If it weren't for domestic travelers from peninsular Malaysia, [hotel occupancy] would be in single digits here." Gert Kopera, general manager of the Dharmawangsa, the Rosewood-operated boutique hotel in Jakarta, predicts that "hotels at the top end, like us, will do all right and so will the hotels at the bottom." In other words, travel is returning to where it began?an hourglass market, a place with...

Author: /time Magazine | Title: A Beach too Far | 8/4/2003 | See Source »

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