The economy is running so fast that there aren't enough hotels for the foreign business travelers.
The pedicab drivers, who still tout for business outside hotels with fleets of Mercedes, occupy a similar niche market in Asian capitals today.
And increasingly, extended-stay hotels are becoming more attractive for business travelers, who can save money by using them as an apartment away from home.
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Now as more Chinese people travel for business and for pleasure, these types of hotels are becoming commonplace in modernized China.
His company, a global sales operation with an association of independently owned four- and five- star hotels, secures hotel buyouts for group business meetings.
Because the availability of large buildings for new hotels is tight, traditional business centers in Hong Kong are seeing an increase in smaller boutique hotels by a variety of developers and investors.
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The recovery workers, from laborers to construction executives, are also spending, bringing business for Sendai's hotels, bars and restaurants.
Even though default rates on commercial mortgage-backed securities are less than 1.0%--compared with higher than 20.0% for high-risk home loans--that level is expected to rise as the global economic slowdown makes business conditions increasingly difficult for hotels, retailers and other companies carrying office building mortgages.
But demand for boutique hotels is a bright spot in the lodging business, which is otherwise expected to slow over the next two years, according to PricewaterhouseCoopers.
And there's no doubt, when you shut down the U.S. airways for five days and hotels don't have any business and restaurants don't have any business, there's almost no way that an economy like ours can escape negative growth when you have that kind of a shutdown in the economy.
But for frequent international business travellers who entertain, stay at hotels, rent cars and shop in other countries, those fees can add up over the course of a year.
For news about hotels, transportation, food and anything else, visit the Business Traveller website.
The study also found that finance industry professionals are the most likely to stay in pricey four and five star hotels (79 percent) compared with the average (69 percent) for all business travelers.
The two hotels caught up in the attacks, the Trident-Oberoi and Taj Mahal Palace, reopened for business on Sunday.
The chain of pubs, restaurants and hotels will continue trading, while administrators KPMG seek a buyer for all or parts of the troubled business.
Under Harold Geneen, an Englishman who headed the American company for many years, ITT simultaneously owned bakeries, telephone companies, hotels and a forest-products business.
Meanwhile construction of new hotels, roads, offices and factories-the nonresidential projects that account for 90% of United's business-is likely to improve.
They also have more bargaining power with hotels since they book more often than individual business travellers, and they often trawl faster and more efficiently for the best deals.
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