The armoire is the workhorse of the modern luxury hotel room. Or it was until the flat screen TV came along. Mary-Rose Abraham reports on how hotels are thinking outside of the big, wooden box.

After MAXjet filed for bankruptcy on Christmas Eve, other business-only carriers have come forward with their own economic hardships. Stephen Beard reports which airlines may not be taking off as expected.

MAXjet Airways filed for Chapter 11 bankruptcy protection today, leaving some passengers stranded on Christmas Eve. Nancy Marshall-Genzer takes a look at what sent the airline into freefall.

Whatever weakness the economy's showing, luxury goods continue to sell. The top-end hotel market is booming with plush one-upsmanship. Alex Goldmark looked into reports of six- and even seven-star hotels.

A new E.U. bill setting CO2 limits for planes allows carriers to buy emissions permits at auctions. But Megan Williams reports the law is making some carriers anticipate paying billions and increasing ticket prices.

If you're going to be traveling in Europe, you'll no longer need to flash your passport at most border crossings. Megan Williams reports that the new rules are expected to help tourism, but some Western European countries aren't happy.

Irish tourism to the U.S. is thriving, thanks to a weak dollar and Ireland's fast-growing economy. Don Duncan reports from New York City, where many of the 300,000 Irish have come around the holidays for just one thing.

A new agreement allows visitors to 24 E.U. countries to put their passport away after the first time they enter. Megan Williams reports Europe expects it'll help tourism, but some Western European countries aren't happy.

Now that the business travelers and foreign tourists are going home for the holidays, you can fetch a steal for that luxury suite you always wanted to book. Jill Barshay explores how cheap you can get a room.