Word: resorting
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Dates: during 2000-2009
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...Encore, which opened officially in January, stands like a luxurious monument of defiance to the recession. It is not; it cannot. Wynn Resorts boss Steve Wynn has cut room rates to as little as $169 a night - the original projected rates were something on the order of $350 - but he won't cut service. That act of defiance means the Encore is a pretty astonishing value for any visitors in the mood to treat themselves to a Las Vegas fling in these tough times. The $2 billion, 2,034-room project adjoins the Wynn - the hotels are connected...
...rooms are all suites, measuring from 650 sq. ft. for a resort suite to 1,400 sq. ft. for a parlor suite - or bigger than your average New York City apartment. Way bigger. The living room in the suites, designed by Todd-Avery Lenahan of ABA Design Studio, have houndstooth wall coverings, warm-toned carpet and the requisite flat-screen TV, which you can watch from a comfy couch. There's a wet bar and a fridge for entertaining - we invited some friends over to share the view, and the room easily accommodated a dozen visitors. The bedroom...
...which allows topless sunbathing, though I demurred); a $500-a-round golf course designed by Tom Fazio and Wynn; and La Rêve, the impressive, water-themed acrobatic show. The beauty of the Wynn is that you don't ever have to leave the grounds of the resort to enjoy yourself for a couple of days. All of Las Vegas is a screaming buy at this point, but if living well is the best revenge for recession, this is the place...
...During a brutal recession, you'd think a $90 lift ticket and two nights at a lodge would be a luxury. But luckily for ski-resort operators, the flakes have been flush this season. Most U.S. resorts are reporting above-average snowfalls. (Northstar-at-Tahoe, in the Sierras, clocked in with 3 ft. of new snow March 4-5.) So while revenues have slipped - particularly at retail shops and restaurants - fewer people are fleeing skiing than you'd think. Michael Berry, president of the National Ski Areas Association, an industry trade group, projects that total lift-ticket purchases will decline...
...powder has really propped up Eastern operators, who have been bopped with a series of big storms. "East of the Mississippi, we're seeing [snow] levels at or above record levels," says Berry. New York and New England resorts have several advantages during a recession. First, they're cheaper than the higher-end destinations like Aspen and Vail in Colorado. Second, they're within driving distance of huge metropolitan areas such as New York City and Boston. Mount Snow in Vermont, for example, is a four-hour trip from New York City and a two-hour trek from Boston...