Word: perring
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Thanks to Asia's construction boom, the price of copper has risen from less than $1 per pound (0.45 kg) in 2003 to more than $4 per pound in April, and burglars are lifting the metal wherever they can find it. The copper in plumbing, air conditioners, utility wire, rain gutters, sprinklers and bronze sculptures like Dan (bronze is a copper alloy) is easy to sell and tough to trace, police say, making it a popular cash source for meth addicts...
...Pulling up to a warehouse in an anonymous Hawthorne, N.Y., industrial park, McGuinness, head of Starwood's new line of hotels, Aloft, is eager to show off the full-scale model of the group's newest brand, a 136-room hotel with an average rate of $150 per night. Leading the way, McGuinness stops before a brightly lit entrance. A waterfall cascades down a wall, replete with the soothing sounds of a babbling brook, "to wash away troubles," he explains as he passes through the second set of doors leading to the check-in kiosks. "Our customers find this sometimes...
...past 20 years," says Peter Yesawich, chairman of Y Partnership, who also consults for NYLO. "Gen Y is a market of comparable size. There's a big 'aha' when hotels discover that." The Gen X travelers, in their 30s, are also important. They earn on average $6,000 per capita less than boomers but travel more and spend more per capita on travel, according to Bjorn Hanson, chief lodging analyst at PricewaterhouseCoopers. "If you were designing a new concept, it would be logical to appeal to the high-propensity consumer...
...private-equity arm, has latched onto the same multiuse lobby, designed to encourage guests to socialize and kitted out with cool features like wi-fi, chairs that hang from the ceiling and a Nintendo Wii. Offering 135-to-200-room hotels that cost an average of $120 to $200 per night and an upcoming brand, XP, at the $95-to-$110-per-night level, NYLO opened its first hotel in Plano, Texas, a suburb of Dallas, and expects 50 more to open or be in contract by 2010, including one in Broomfield, Colo., for travelers visiting Colorado's tech corridor...
...warm and approachable--is deliberately not hip, although the lobby is color coded for coolness: blue for technology, including chairs and tables with accessible plugs; orange for food. According to Marriott, the new lobby has been so successful, the Fair Oaks hotel owner has seen his first-quarter revenue per available room, a standard industry-profitability measurement, rise 12% over last year...