Word: consumerized
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The 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...
"Hotels are highly sensitive to economic conditions, labor, cost of living and consumer confidence. So, when times are at the lowest like this, it's probably not the best time to go to the market and expect to get a huge payoff," says Mark Lunt, a principal in Ernst & Young...
And there are few signs that inflation will be rising anytime soon. The Consumer Price Index fell 0.2% in July and was down about 2% this past year. That's not inflation; that's the opposite. And while the economy seems to be recovering, it is still slow going. Unemployment...
Now look at the relationship from the U.S. perspective. For many years, there has been a layer of academics, policymakers and others politicians in the U.S. who have devoted their professional lives to the relationship with Japan. Countless Americans drive a Japanese car or use Japanese consumer electronics. At the...
Actually, airlines break their own policies all the time. Indeed, one of the few redeeming features of dealing with airlines is that, if you're persistent and persuasive enough, you can usually find a representative willing to find you a seat on that sold-out flight, waive a change fee...