Word: hotel
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...replication doesn't happen overnight. Take Ctrip, the market leader for online travel reservations. The company, founded in 1999, initially hoped to be an instant Chinese version of Expedia but soon realized that rushing to provide the same features of the U.S. travel website - which offers package tours, hotel reservations, plane tickets, rental-car reservations and cruises, among other services - was a reckless, if not impossible, task. Instead, it focused on mastering one service before adding another. (See pictures of Chinese investment in Africa...
...Ctrip acquired a hotel-reservation operation, Xiandai Yuntong Tourism Service, which gave it a large presence in the traditional offline travel business. After giving its new acquisition a successful online dimension, Ctrip began to move into other travel sectors. In 2002, it diversified into air tickets, and after two more years package holidays. Recently, it moved into corporate travel. "That's one of the most important reasons why Ctrip was successful," says James L. Tang, vice president of sales and marketing. "We waited for the infrastructure, the manpower and the technology...
...companies with fervor, personally persuading the Rolling Stones to switch over from rival record company EMI two years ago. And once he's wooed acts, he can keep them on board - no small achievement in an industry not short of ego. When he was honored at London's Grosvenor Hotel with a Music Industry Trust Award in November 2008, he was feted by some of the biggest names in the business. Bono and the rest of U2 presented the award, Take That performed, and Benny Andersson and Bjorn Ulvaeus, the male half of ABBA, tried to outbid British rock band...
...alleged to be behind the Jan. 20 murder of Mahmoud al-Mabhouh, a top official in the Palestinian militant group Hamas. The suspects, believed to be members of a hit squad, entered the emirate using fake European passports and were captured in surveillance footage following al-Mabhouh to his hotel room disguised in wigs and tennis clothing. Hamas has accused the Israeli intelligence agency Mossad of orchestrating the assassination. Israeli Foreign Minister Avigdor Lieberman refused to directly comment on the matter, explaining that when it comes to security issues, "Israel never responds, never confirms and never denies. There...
George Papadopoulos—a former United Research Incorporated project manager for Harvard construction projects in Allston—was arraigned Tuesday morning by the Suffolk Superior Court for embezzling millions of dollars from Harvard and the Massachusetts Port Authority to spend on hotel rooms, home improvements, and Armani suits...