Word: low-cost
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...five economists seemed upbeat about the resumption of growth worldwide and relieved that investment is picking up and confidence appears to be returning to both consumers and business. But while the U.S. focuses on jobs and obsesses about the emergence of China as a low-cost economic colossus, European Union nations have turned inward. They are preoccupied by the addition of 10 new E.U. members this year, by the tussle over a new European Constitution and by the collapse of the Growth and Stability Pact, which imposed rigid discipline--overly rigid, critics say--on governments to curb deficits. Europeans...
...London, Paris, Rome." The Rialto (starting at $263 a night) is tailored to that kind of visitor. Poland's first boutique hotel, it opened last year as an alternative to the other five-star hotels and has since won acclaim for its spare, Art Deco decor and excellent cuisine. Low-cost airlines such as Air Polonia can take travelers into Warsaw from London for as little as $30 for a round trip...
Fernandes wouldn't have it any other way. "I love it when I struggle to find a seat," he says, beaming. With ticket prices as low as 29¢--yes, you read that right--seats have often been hard to find. Fernandes expects to fly 4 million passengers this year, twice as many as in 2003. His success heralds a revolution in the airline industry in Asia. Although Americans and Europeans have benefited from low-cost air travel for years, tight regulation, powerful national-flag carriers and a dearth of airports have kept budget airlines at bay in Asia. But finally...
...Asia's premier airlines, deny they are cutting prices in response to this new threat. But they have been offering what they call routine special promotions. In May Cathay Pacific sold round trips between Hong Kong and Singapore for $128even less than the $160 fare offered by Singapore-based low-cost carrier Valuair, which started flying that same month. Major airlines "have been advertising prices even lower than ours," says Lim Chin Beng, Valuair's chairman. If they "want to lose money by undercutting us, good luck to them...
While parking in muddy public campgrounds and Wal-Mart lots provides some full-timers with a convenient and low-cost place to spend extended periods, others are turning to the small but growing number of upscale parks that offer country club-like amenities. One such stop is the Hilton Head Island Motorcoach Resort. Nestled in a forest in the popular South Carolina vacation spot, it boasts 400 landscaped lots, with access to a pool, exercise room and tennis courts. Each lot has satellite TV and electricity, water and sewage hookups, for a rental fee of about $50 a night...