GLG News by Cruise Line Experts: Travel Industry Consultants

Christopher Dane, President

Christopher DanePresidentHRG-Executive Travel Associates What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

The airline mergers is not nessarily a "done deal" ...many obstacles remain

February 6, 2008

Airline Merger could bring anything | news.enquirer.com

*    Will the Bush administration or the next administration approve   approve any airlines attempt to merge? *    Unions and communities will fight any merger attempts. *    Other carriers like American and Southwest will likewise lobby against any mergers. *    Premises for mergers is not valid since there are too many profitable network carrier that are smaller than any of the individual carriers that are in play.

Christopher Dane, President

Christopher DanePresidentHRG-Executive Travel Associates What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

There is no such thing as a good airline merger

January 18, 2008

Delta delays Comair sale as it explores merger hopes | www.ft.com

*Service will get worse...I know that is hard to imagine. *Fares will go up. *Communites will loses both Hubs, flights and jobs. *If it happens it will be Delta merging with Northwest and United merging with Continental and no one want US Airways

Christopher Dane, President

Christopher DanePresidentHRG-Executive Travel Associates What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Blackstone's Probably Won't Put Others in Play...

July 6, 2007

Will Blackstone’s Hilton Deal Put Others in Play? | online.wsj.com

* Blackstone/Hilton deal is unique on several levels * Hotel Industry metrics have probably peaked in terms of RevPAR. * New Construction in the piptline is at an all time high * Starwood's management is weak and no apparent strategy. *  Marriott is not about to sell the family business

Christopher Dane, President

Christopher DanePresidentHRG-Executive Travel Associates What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Marriott Knows What They Are Doing

June 18, 2007

Strange Bedfellows: Marriott, Schrager | online.wsj.com

•Marriott is very good at managing multiple brands. •Marriott has successfully kept brands/cultures separate. •Marriott Needed a boutique brand. •Marriott has a history of success in developing brands.

Christopher Dane, President

Christopher DanePresidentHRG-Executive Travel Associates What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Increasing CAFE standards is not the answer

May 7, 2007

CAFE Break | online.wsj.com

* CAFE  standards never had the intended outcome.
* relies on something to happen in the future when what is needed something for today.
*  Making car makers accountable for conservation rather than the end user is illogical.
*  Drivers are ultimately responsible for conservation.
*  The solution is to follow the Europeans...charge what the charge for fuel and invest that money into the highway and road infrastructure.

Ken Heit, Cruise and Travel Expert

Ken HeitCruise and Travel ExpertAdventure Travel / Signature Travel Network What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

NCL "Freestyle Cruising that is free"

September 22, 2006

Norwegian Cruise Line trying a unique approach | www.ncl.com

Norwegian Cruise Line, the world's third largest cruise company, announced today a major new $100 million dollar rebranding campaign. The new approach attempts to differentiate themselves from Royal Caribbean, and Carnival Cruise Line. NCL freestyle cruising will be re-launched, with a completely new unique image portrayal.

Christopher Dane, President

Christopher DanePresidentHRG-Executive Travel Associates What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

RCI buys Spanish Cruise Tour Operator

September 6, 2006

Royal Caribbean buys Spanish cruise operator | today.reuters.com

It is a good thing.

Europe is the fastest growing part of their network and the cruise
industry in general.

Caribbean has too much capacity.

Christopher Dane, President

Christopher DanePresidentHRG-Executive Travel Associates What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Why Asia has a robust Travel market

August 23, 2006

Asia - Robust Travel Market In The First Half Of 2006 | www.hotelnewsresource.com

*Asia being driven by the China economic growth
*Japan holding its own with its own modest growth.
*Shanghai is the new New York of Asia (and will ultimately displace Tokyo as the financial capital of Asia.
Residual growth from India.

Christopher Dane, President

Christopher DanePresidentHRG-Executive Travel Associates What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Cruise Lines in trouble?

August 23, 2006

Cruise lines in troubled waters | www.bradenton.com

*The problem exists only in the Caribbean.
*Alaska, Europe remain strong entities.
*Carnival Corp and RCI will continue to have strong margins albeit down YOY.

Christopher Dane, President

Christopher DanePresidentHRG-Executive Travel Associates What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Flaws with the AA (Sabre) GDS Plan

July 31, 2006

AA Posts GDS Plan | www.solutionz.com

American's failure to reach an agreement with Sabre (and Amadeus) is short sighted indeed. They are trying to act like the play ground bullies and force Sabre to play by their rules and thus force the other GDSs to follow.  In this, I will explain why their thought process is flawed and why probably nothing will happen until after 9/1.

http://www.thebeat.travel/news.php?adate=jul_06%25cid=aaplan

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