Word: sailing
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Dates: during 2000-2009
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...Amping up the sport of sailing is the point of Extreme 40 racing - and fortunately nobody has died yet. Collisions and capsizes come with the territory (when a sail the size of a tennis court fills with wind, a 1,300-kg carbon-fiber boat feels like it could flip over in a trice). What are described as "close-combat races" are concluded in minutes instead of days, and take place not on empty ocean stretches but on courses close to shore, where thousands of spectators can crowd onto grandstands. Top sailors have joined the circuit, including British double world...
Thanks to massive spending (and borrowing) by its state-owned development companies, Dubai was soon every inch the global financial center. It's home to the sail-shaped Burj al-Arab, the most expensive hotel in the world, and the unfinished 160-story Burj Dubai, the planet's tallest building. Its coastline has sprouted archipelagoes of man-made islands shaped to represent a date palm and a map of the world...
...show, not to mention the jazz revues, pools and aqua theater at your disposal. A luxury suite can put you out $7,609 a week, or $1,087 per day. Capacity across the industry has increased--15 ships have launched this year, including Carnival's Dream, and 12 set sail next year--so there are deals of less than $60 per day out there. "Hotels are shaking in their boots," says Peter Yesawich, CEO of Y Partnership, a marketing firm, "and they should...
...search for younger customers not only drives the multiple activities, the super spas and the entertainment; it's also driving the trend to shorter hops. "Younger people aren't going to sail for 24 days down the coast of South America," says Yesawich. "They don't have that vacation time." That's one reason Oasis is based in the Caribbean and set up for seven-day voyages...
...estimated 13 million cruisers set sail in 2008, and the Cruise Lines International Association says cruising has grown worldwide 7% on average each year for the past 20 years. But industry executives believe the market is underpenetrated--if so, it must be one of the few markets left that is--with only 20% of Americans having ever taken a cruise. Robin Farley, an analyst at UBS, says only 5% of vacationers opt for cruises each year, "just larger than the number of people who go to Branson...