Daily Record from Morristown, New Jersey on March 24, 1988 · Page 26
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Daily Record from Morristown, New Jersey · Page 26

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Morristown, New Jersey
Issue Date:
Thursday, March 24, 1988
Page:
Page 26
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B10 Daily Record, Northwest N.J. Thursday, March 24, 1988 BUSINESS Dollar drop isn't scaring tourists away from Europe ' It's going to cost more to travel this summer, but Americans don't seem to care. Airlines report strong early business, despite rising air fares and a big drop in what the U.S. dollar buys abroad. So far, four travel strategies have emerged: People who used to travel independently are turning to packaged tours, which can whisk you around for less money. Some tour and cruise operators now offer guaranteed pricing. If the dollar drops between now and the time of your trip, you won't have to ante up any more money. The guarantee takes effect "once we get a deposit," says John Martinen of Globus Gateway Cosmos. At American Express, where the average European tour price is up 4 percent this year, current prices are guaranteed regardless of when you buy. Maupintour, by contrast, has no guarantees although a spokesman does not expect tour prices to rise again in 1988. Last year, some rates especially to Japan rose dramatically after customers thought they had paid in full. The remaining independent J STAYING AHEAD Jane Bryant Quinn travelers are picking smaller hotels away from central cities such as Rome, Paris or London. "And they're taking shorter trips," Ray Greenly of the American Society of Travel Agents told my associate, Virginia Wilson. Through travel agents, you can get discount vouchers for Holiday Inns and Best Western motels located in Europe. At 23 Holiday Inns in the larger cities, you'll pay about $57 per person per night, double occupancy. In some of the smaller cities, the price is about $36. The French Government Tourist Office (610 Fifth Ave., New York, N.Y. 10020) has information on how to fix part of your travel price in advance. You can buy dollar-de nominated packages for hotels, sightseeing and transportation within France all offered through participating businesses. When you write, ask for the brochure, Welcome to France '88. Robert Whitley, executive director of the U.S. Tour Operators Association, reports strong interest in visiting the Soviet Union (the Gorbachev halo effect). Other popular destinations: Eastern Europe, Turkey and Yugoslavia. Maupintour says that Greece is especially is well priced for the dollar. International air fares are still unsettled for the summer season. But in general expect higher rates and fewer promotional tickets. That's been the pattern within the United States. Recently, travelers were suddenly hit with a large hike in ticket prices. Average coach and first-class fares are up 12 to 18 percent and in some cases, as much as 85 percent. The increases took two forms: straight dollar price rises, and new restrictions on who can use most of the lower-priced, promotional fares. Travel experts offer two strategies for getting the best domestic fare this year: Plan your round trip to include a Saturday stayover. You'll then qualify for a MaxSaver, which can cost 70 to 75 percent .less than full coach fare. The only risk is that you'll lose your money if you can't make the trip. Formerly, you could book MaxSavers two days in advance; many airlines now require a seven-day advance purchase. If you wait even that long, you might find that no more low-price tickets are available on the flight you want. . Book a regular discount ticket even for business travel. You have to buy seven days in advance, and will lose 25 percent of the price if you cancel. But if you travel a lot, your savings on the discount could more than offset the occasional cancellation. The pressure on air fares arises not only from heavy travel demand but from the change in the industry since deregulation. In 1978, there were some 36 scheduled carriers in the United States. That number ballooned, then contracted as weaker lines went out of business. Today, there are only 27 major airlines, eight of which control nearly 95 percent of the market, according to George James, presi dent of Airline Economics. And they all match each other's fares. Until recently, fare-cutting Continental kept rates low on many routes. But now Continental's fares are rising, too. The grand days of flying on the cheap seem to be drawing to a close. ARIBA OIL- GO 909-8700 OPEN 7 DAYS CHECKS. VISA, MASTERCARD WELCOME I I ir.Tt-i.-.i-- ::LZJtU.... I ACTIOM BUSINESS MACMHSS I Helicopter service shuttles gamblers to casinos NEW YORK - Casino operator Donald J. Trump has formally unveiled a helicopter service to bring high rollers from Manhattan to the gaming tables of Atlantic City in 48 minutes for fares ranging from $49 to $125. - The service, named Trump Air. is a successor to Resorts International Air, which Trump conceded had not gone over well with the sporting crowd. Trump Air has been operating one of its three refurbished S-61 Sikorsky helicopters for about a month before Tuesday's announcement and Trump described the rider reaction as very favor able. The helicopters, converted military choppers, carry 24 passengers. The flights leave from the Port Authority's West 30th Street pad in Manhattan and from Bader Field and the Steeplechase Pier in Atlantic City. Associated Press X1UU Lti B U li& tCrJ y SUl&Li IP LJ 'fiEfcSD &!1 Illicit II iL3 warn Carteret V rz W? :r -: s 1 Tax-deferred investments: Retirement Plans: IRAs, IRA Rollovers and Self-Employed Plans - invest in CDs, Money Market Accounts, Annuities or Stocks, Bonds and Mutual Funds Annuities - offered by major insurance companies through Carteret Financial Services.'' Tax-free investments: Municipal Bonds - guaranteed fixed interest rate exempt -from federal and often state taxes. Tax Free Bond Funds - a diversified and professionally managed portfolio of tax-exempt Municipal Bonds offering monthly income. :. Unit Investment Trusts (UITs) a diversified fixed portfolio of tax-exempt Municipal Bonds for monthly, quarterly or semiannual income. Municipal Zero Coupon Bonds - "Zeros " are purchased at a deep discount and mature at face value, with interest accruing free of federal tax. F or more information, contact any Carteret Savings Bank office or call toll free: 1-800-225-0165 SRVBflGS BPinil , When you're banking to win 98 offices in New Jersey; Florida; Maryland; Virginia and Washington, DC Member FSUC Caneret Savings Bank FA Stocks, fconds, mutual funds and UlTs are offered by Mabon, Nuqent & Co These products and annuities are not FSUC insured There is a 10 IRS penalty and loss of tax deferral for early withdrawals from an IRA before aqe $9Vt. Early withdrawal pennies TYPEWRITERS PRINTERS WORD PROCESSORS PORTABLES SUPPLIES ALL ACCESSORIES REPAIRS DONE ON PREMISES BY FACTORY AUTHORIZED TECHNICIANS hfi 4 vour tide if yjyy l. 78 BLOOMFIELD AVENUE PINE BROOK. NJ FRANK ABBA TE 227-1017 HOURS MON -FRI 8 30-5; SAT. 9.30-3 llf?llfU"((00W(G .4dto)WijliriBf MjricRi!i!Winr, Patrick J. Paolella President & C.f.O. "Cell fyl cum Cetdeh VULd U n r in 1-Year Adjustable Rate Mortgage Au 7 po,n'5 4 2 annual cap, 6 maximum interest cap 15-Year Fixed Rate Mortgage "tl Jnn"1 pe'cenlage 0 'J pom,s J I annual percentage ,, Private mortgage insurance is required with less than ' 20 down payment. Rates and terms subject to change without notice. ' Free parking. i ' mJ ik iJ LI i J . -- J MO LOAN ASSOCIATION 295 Clifton Avenue, Clifton MFMBESfSUC may apply for CDs and annuities

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