Tag: financial crisis
Strongest year-by-year growth in a decade expected
The number of business trips and the cost of those trips is set to rise in 2019, according to the 14th annual International Travel Management Study (22 October 2018). Almost ... Read More
2019 Quality of Living: Vienna is still the world’s best city
Trade tensions and populist undercurrents continue to dominate the global economic climate. Combined with the threat of stringent and inconsistent monetary policies looming over markets, international businesses are under more ... Read More
WTTC: Greek tourism sector growing over three times faster than wider economy
In 2018, the Greek Travel & Tourism sector grew at a rate of 6.9% - over three and a half times the pace of its wider national economy, which grew ... Read More
Flood of millionaire migrants triggers luxury property crisis in Monaco
Small principality of Monaco has become so attractive to the ultra-wealthy willing to shelter their funds from taxes that Monaco's reigning monarch Prince Albert II has given the green light ... Read More
Iconic New York City skyscraper is looking for buyer
The owners of the Chrysler Building in New York are planning to sell the skyscraper, according news reports. But this may not be easy, since this symbol of Manhattan was ... Read More
Suspended! Fastjet airline services in Tanzania
Fastjet airline officials said late last week that its flights would be canceled through the end of January. Read More
Most expensive ‘Christmas tree’ in Europe made of pure gold
In honor of the much-anticipated festive season, German gold dealer Pro Aurum has erected the most expensive Christmas tree in Europe. The unusual decoration is made of gold coins worth ... Read More
Indebted Hungary puts citizenship up for sale
BUDAPEST, Hungary - Hungarian lawmakers came up with a very creative way to deal with the country’s financial crisis – now any foreigner can obtain permanent residency and ultimately Hungarian ... Read More
Switzerland is suffering from euro crisis
(eTN) - Due to the high Swiss franc, tourists are staying away from the Swiss Alps this summer and the entire Swiss tourism industry is facing a novum. Read More
Large banks creating a crisis for hoteliers
Almost 100 Asian American hotel owners held an emergency meeting in Atlanta in late August 2010 to discuss a strategy for addressing the financial crisis being created by the lending ... Read More
14 Algerian airports face closure threat
Fourteen airports in Algeria are under threat of closure due to losses incurred from the global economic crisis. Read More
China can lead tourism’s support of the G20 program
Tourism and travel can support the G20 stimulation programs. It creates jobs, boosts development, and promotes open, two-way trade. Read More
Europe feels US financial crisis in absence of tourism
ROME — Americans have gone missing. Read More
ITB Business Travel Days: business travel at a time of financial crisis
BERLIN - Business travel at a time of global financial and economic crisis is a new challenge facing an industry which, according to conservative estimates, guarantees employment for well over ... Read More
Tourism and financial crisis – 84th session of the Executive Council of UNWTO
MADRID - UNWTO's Executive Council met in Madrid from October 14-15 and agreed to create a "Resilience Committee" to support its members with accurate economic analysis and response mechanisms. Read More