Word: sectoral
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...shares) - but throughout the $15 billion market for online classifieds. Even as lesser rivals fall by the wayside - Microsoft's Windows Live Expo is shuttering on July 31 - newcomers such as Kijiji and Oodle are gaining real traction. Better designed and marketed, these upstarts are reshaping a long-stagnant sector of the web. Meanwhile, the entire online classified market category has surged some 35% over the past year, as more sellers post ads online and more cash-strapped buyers hunt for bargains there...
...move to the educational sector will come with a steep drop in pay for Forst, who earned nearly $50 million in the fiscal year ending in 2007, according to Forbes. Harvard vice presidents generally earn under...
...thanks to the limited hours and unlimited free flights they get for themselves and their families--Delta received more than 100,000 applications for 1,200 new $19-an-hour jobs. My fellow future flight attendants weren't at all what I expected, based on my experience with service-sector jobs--which is to say that none were illegal immigrants. Even more shocking, some of them were straight men. One had been laid off from his long-held job as a local-news producer and saw an ad requiring language skills for foreign flights. One woman used to travel...
Marriott's Courtyard and Hilton's Garden Inn, currently the leaders in the upscale sector, don't plan on letting these trends pass them by. Marriott redesigned the lobby of its Fair Oaks, Va., location with a bar, communal-seating areas and a snack area. "It used to be that guests went in the room and latched the door," says Brian King of Courtyard. "Now they want to come out." The new design will be rolled out at most of the 700 locations by 2010. Like Aloft, Marriott is also eliminating the long, chest-high check-in desk, replacing...
With the economy wobbling, everyone in the hotel industry is battling for customers. Smith Travel Research forecasts growth of just 4.4% in room rates over last year. The upscale sector, in which Aloft competes, is currently worth about $12.5 billion. Woronka says profits for this sector are usually about 15% for owners, and expects that Aloft's owners will be earning about the same. According to Starwood, an Aloft hotel costs from $17 million to $25 million for a developer to build, not including land, which could be a little higher than the cost of a Marriott Courtyard or Hilton...