Word: pricing
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...MISS: Thomas Keller and Grant Achatz as they present a rare dining experience, serving an elaborate 20-course dinner (with the elaborate price of $1,500) at Per Se in New York City on Nov. 11 (212-823-9450). Similar suppers will follow at Achatz's Alinea and Keller's French Laundry...
This is not the story of oil as a commodity but instead the story of traders who transact in the future price of oil. These are the same traders who previously brought this price to record highs. The price of oil went up tremendously; the price of oil crashed. Unfortunately for consumers, the story is not over yet, and we're just along for the ride...
...hotel is famous for having sheltered the survivors of the Titanic, and the rooms do sort of resemble ship's berths, with a mere 50 sq. ft. of space and a shared bathroom down the hall. But they're just $99 a night, putting the hip hotel's price within hostel range: Private rooms cost $125 per night at the Big Apple Hostel and $80 at the Chelsea International Hostel downtown. The Jane is still undergoing renovations, but when the revamp is finished, bigger rooms with private baths will be available. 13 Jane Street, New York City...
...Price Hikes. The National Business Travel Association (NBTA) predicts that airfares will rise next year to their highest level since 2001, with increases of 7% to 10%. The NBTA also predicts up to 3% increases in car rental costs and up to 4% hikes in hotel rates. According to major hotel-industry watchers, Smith Travel Research and PKF Hospitality, hotels are in for hardship, with occupancy and revenue down...
...necessary funds to complete construction. Then, on Nov. 13, the cash-strapped company announced that it would layoff up to 11,000 construction workers in Macau, after its decision to suspend work on part of the Cotai Strip - a $12 billion undertaking. On Thursday, Las Vegas Sands' share price closed at $5.58, down 95% from its peak last December...