New Year's resolution: After standing on the sidelines throughout
1998, mesmerized and dumfounded, as commissions were reduced and
technological innovations polarized the industry, as suppliers
embraced and encouraged change, as retailers struggled with to cope
with it... I resolve to make sense of this wacky business once and
for all in 1999, no matter how much it hurts my brain.
Carlson Wagonlit's Tanner, NCL'S Golteus, Premier's Rood and
Matheisen, Avis' Hoenshell... The last time there was an exodus of
this magnitude, it was chronicled in the Bible.
A group of investors led by former TWA chairman Carl Icahn plans
to sink $100 million into renovating the Stratosphere, the lavish
Las Vegas property that opened in 1996 and went bankrupt the
following year. With refit costs like that, the resort is aptly