Word: resorting
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Dates: during 2000-2009
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...yields approached zero, and the private securitization market for mortgages, which keeps capital flowing for more home loans, disappeared. Lehman Brothers collapsed when no one would loan it money, and any number of other firms - AIG, Citigroup, GM - went hat in hand to the U.S. government, lender of last resort. (Read TIME's Top 10 Financial Collapses...
...Mumbai and New Delhi, many Christmas and New Year's bashes at leading hotels have either been cancelled or scaled down. "We've seen 30% to 40% cancellations for New Year's eve in our Goa property," says Anjali M. Chatterjee of Bharat Hotels, who run the Lalit Goa Resort, "Usually there's a spike in bookings for December 23 onwards, but at the moment, things are pretty flat...
Think Pink. Cambridge Beaches Resort & Spa (441-234-0331) in Bermuda has a "Winter Romance Package," which gets you the fourth night free, a complimentary room upgrade and free dinner each night at the Tamarisk Room, rated one of Bermuda's best restaurants by Food & Wine magazine. Afternoon tea is served daily - indulge and work it off horseback riding along the beach. In the evenings, call on the hotel's "bath butlers" to fix you a relaxing soak. Rooms start at $295 for garden view, and $555 for ocean view. Through March 27, 2009, excluding Dec. 21 through...
Cheney Country. If you feel more connected to the outgoing Administration, try Spring Creek Ranch (800-443-6139), a spa-resort located in a wildlife refuge. The hotel provides skiers free lift tickets to nearby Jackson Hole and Grand Targhee, plus complimentary breakfast. Rates start at $87.50 per person per night. If you want accommodations closer to the slopes, the Grand Targhee Resort (307-353-2300) is offering slopeside rooms as cheap as $89 per person, including lift tickets. If you can round up three other ski bums to join you, rooms at Jackson Hole's Village Center Inn cost...
What Recession? For some serious luxury just an hour and a half from Minneapolis, or six hours from Chicago, there's Canoe Bay, a Relais & Chateaux resort located on 280 wooded acres. The "Personal Bailout" package includes two nights in a deluxe cottage, a lodging upgrade and dinner for two at the hotel's restaurant over looking Lake Wahdoon, for $830 for two per night. Upgrade to the "Personal Stimulus" package, which costs $200 more per couple, and you get two 60-minute massages and free breakfast. Through April 30, 2009. Chetek...