Word: travelers
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Dates: during 2000-2009
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...essential travel tips...
...filing comes as the debilitating recession, rising unemployment, a sharp pullback in business travel and weak consumer confidence have taken a crippling toll on hotels. In the first seven months of 2009, hotel occupancy was down 10.3% while average daily room rates are off 8.8%, according to Smith Travel Research (STR). At the same time, lodging stocks lost 80% of their value on average over the past year, although many have rallied back a bit in the past couple of months...
...This would not be my choice for [an IPO] window," concurs Jim Butler, chairman of the global-hospitality group at Jeffer, Mangels, Butler & Marmaro LLP. (See TIME's Travel page for city guides, stories and advice...
...essential travel tips...
...Ameya Haldive, 25, Guitarist and Vocalist, Tripwire There are great pubs in the city, but the problems with Mumbai are the distances you have to travel and the constraints of public transport. If you're in Colaba, I'd go to Café Mondegar, tel: (91-22) 2202 0591, which has nearly the best music that I've heard anywhere. If you're in or near Andheri West, try Firangi Paani, tel: (91-22) 2674 4144 - it's a very Indian watering hole. For a classy dinner, go to Not Just Jazz...