Print Story: Travel officials push back on business travel – Yahoo! News
WASHINGTON – The CEO of Internet travel site Travelocity said Wednesday that misguided criticism of business travel has led to a lot of confusion about what’s acceptable.
Speaking to a Senate subcommittee on tourism, Sam Gilliland said the Treasury Department’s failure to carefully define what Read the rest of this entry »
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Hotels & Leisure Travel – Yahoo! News
Blackstone, Hilton lenders agree on debt: source
NEW YORK (Reuters) – Private equity giant Blackstone Group has come to an agreement to restructure its Hilton hotels chain debt, a source familiar with the situation said Read the rest of this entry »
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Feb 19
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PhoCusWright says online travel finally down – Yahoo! News
SHERMAN, Conn. – The recession is finally taking its toll on online travel, with a decline in revenues this year forecast by PhoCusWright, the travel industry research company.
PhoCusWright said the value of online leisure and unmanaged business travel bookings would drop Read the rest of this entry »
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One of the biggest casualties in the aftermath of the biggest recession in 7 decades has been the hotel business. When economic sentiment drops, it follows that people and companies shrink back from spending, as the emphasis is on cost cutting. But it seems as if business travel seems to be making a kind of comeback. There are reports that hospitality chains like Starwood and Marriott are expressing cautious optimism that business travel might show an increase over 2010, leading to a kind of revival of the business. This comes after over 2 years of sentiments of ‘gloom and doom’ that had prevailed in the industry, leading to widespread losses and a general tightening of belts.
The indication that business travel could be picking up, is an inference from quarterly profits that were higher than expected. This is because the hotel chains are heavily dependent on business travel to make profits, and per room revenues is certainly a function of how many business travelers are out traveling. As of now, the room rates are much lower than the peak levels, given the fact that occupancy rates need to be shored up, but if the demand rises, it could mean that prices may be hiked too, leading to still higher profits. But that’s only if all goes well in the medium to long term!
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Feb 17
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My favorite free Internet marketing strategy is article marketing. I’ve been using this technique since 1995 online and offline with great success. Many e-books (including mine) cover this topic but Article Marketing Domination goes one step further to maximize your article marketing efforts.
Article Marketing Domination by Joshua Spaulding is unique in that it focuses Read the rest of this entry »
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How to Break the Cycle of Postponing Your Dreams
by: Yuwanda Black
Do you have a dream, but keep postponing it because you feel trapped by the responsibilities of life? Want to be a writer, work from home, own your own business? First, we will examine how your dream got deferred. Then, we will outline definitive steps to get you back on track.
“How did I get Read the rest of this entry »
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Business travel pitched as economic engine – Yahoo! News
LITTLE ROCK, Ark. – The travel industry is working to redefine itself as a key player in the American economy by showing how it helps companies improve profits, serves as a source of tax revenue and provides jobs.
Geoff Freeman, U.S. Travel Association senior vice president, Read the rest of this entry »
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Feb 13
There are huge expectations from the economy in 2010. The last 2 years have been so disappointing and also disastrous that there are concerns and fears among people as to when the situation would pick up and things would get normalized again. The hotel industry has also seen very bad days and times in the past couple of years and in Canada the Hotel Association in Canada has forecast an increase in business travel to the extent of 3% next year. Leisure travel, though, is expected to fall by around 4%. But one of the biggest hits has been in air travel where people are driving to US airports are picking up flights from there as the fares are much cheaper there within the US and also to international destinations.
This seems to be like a new trend, but these smart moves by Canadian air travelers has airlines in this country hit really hard where it hits them the most. If you are in Toronto, you can easily get to Buffalo New York and then take a flight out which is not only convenient but you also save lots of money by doing this. In these days and times, people do take strange measures just to save a few dollars.
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