intercontinental

Leslie Kelley’s room rate at InterContinental’s Barclay New York was an astonishingly low $129 a night. Astonishing, because the published room rate is $329 a night. And astonishing, because of the extras the hotel allegedly tried to add to her bill to make up for some of the lost revenue.

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Legacy airlines that have thrown their business plan eggs into the international travel basket may soon be feeling a big profit pinch. No, low-cost carriers aren’t coming into the system to push prices lower. Fewer businessmen and vacationers are flying intercontinentally.

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