Ctrip's founders' answer: Home Inns, a Chinese-style economy hotel harking back to the U.S.' Howard Johnsons and Holiday Inns of the 1950s.
Red Roof Inn is particularly bad: they deliver a very good mid-market product at a costly investment, but insist on claiming an economy hotel market position and charging an economy price, even in markets where they could easily command a higher rate.
This means that, if and when the economy comes back, hotel room prices will rise--but far from an inflationary event, the above concept will reverse itself.
During the course of the program, Adrian will try and keep costs to a minimum - flying Economy, staying in a budget hotel and using public transport.
The more flexibility they can offer, the lower the fare, which Mr Iacobucci says could be much the same as the price of a standard economy flight plus a night in a hotel.
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Mogadishu's growing economy is manifested not just in real estate and the hotel sector.
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Whether the Arizona economy could survive without undocumented immigrants picking lettuce and cleaning hotel rooms is an open question.
Ever since, Adelson has been crowing about how he will reinvent not just the seedy local casino business but the entire economy of Macau with a 1, 500-suite hotel, casino and convention complex.
The slowing economy makes the convention's opening all the sweeter for hotel owners.
Over time, we would expect the price to continue to increase as the global economy expands and as it continues to take market share in the hotel bookings market.
We need a system that makes it easy for entrepreneurs, scientists, farm workers, engineers, hotel workers, business travelers and all the workers our economy needs to easily come here and help our companies compete.
As the economy continues to struggle, travel-budget cuts may pose challenges for the hotel industry, which has only gradually rebuilt its occupancy levels and room rates since 2009.
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To calculate Proposition 8's cost to San Francisco's economy, Mr. Egan estimated how much gay couples and their guests spent on weddings, hotel rooms and tourism from June 17, 2008, to Nov. 4, 2008, when gay marriage was legal in California.
In 2007, with the economy still booming, the coalition convinced city and county council members to approve a new 1% tax on hotel beds, half of which would go to the downtown projects.
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