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Overall outlook for Middle East MICE industry is upbeat

The overall outlook for the Middle East Meetings Incentives Conferences and Exhibitions (MICE) industry is upbeat, despite recent regional political upheaval.

Industry Outlook: Lower profits for Canadian airlines

The Conference Board of Canada says in its newly released Canadian Industry Outlook: Canada’s Air Transportation Industry – Winter 2011 that following record high profitability in 2010, Canada’s

Air Canada adjusts outlook in light of sustained high fuel costs

Air Canada said that it is adjusting its previously communicated plans for 2011 system capacity growth in light of sustained high fuel costs. AC had said back on Feb.

US hotel outlook continues as expected

ATLANTA - The recovery of the U.S. lodging industry continues to improve, buoyed by a sustained expansion in the demand for hotel rooms across the country.

Data shows reasons for optimism for South Africa tourism

JOHANNESBURG, Jun 14, 2010 (BUSINESS WIRE) -- South Africa saw a 34 percent increase in inbound tourism spending during the first quarter of 2010, and anticipates additional growth opportunities aroun

Industry forecast: Hotel rates won’t stay as low as travelers hoped

The hotel industry could be bouncing back more quickly than originally expected. That means rates won't stay as low as travelers might have hoped.

British Airways: Strike does not change profit outlook

London - British Airways said Monday that it has flown more aircraft during the second strike by its cabin crew so far, adding that its full-year profit outlook remains unchanged by the walkouts.

Caribbean tourism looking toward an improvement in 2010

SAN JUAN - After taking a flogging last year, the Caribbean tourism industry is looking toward an improvement in 2010 despite concerns about a British-imposed environmental tax and crime against touri

Sun Resorts says tourism outlook tough

PORT LOUIS - Mauritian luxury hotel group Sun Resorts Limited SUNR.MZ said intense competition in the the palm-fringed island's key tourism industry was forcing operators to cut prices, and the outloo

American Airlines, Southwest Airlines see clouded outlooks

The airline industry's attempts to get a recovery going this spring may have caught the flu.

O’Leary: “I think Aer Lingus is going to run out of...

DUBLIN/LONDON - Irish airline Aer Lingus slashed its outlook and reshuffled management in the face of diving revenues and passenger numbers on Tuesday as rival Ryanair ruled out another bid for the be

Moody’s cuts Carnival’s outlook to negative

Moody's Investors Service lowered Carnival's outlook Friday, saying the cruise operator is vulnerable to increased debt levels as travel demand continues to soften.

Hyatt CEO says outlook for hotel industry murky

NEW YORK - As consumer spending withers and corporations cut business travel, the economic outlook for the hotel industry is murky at best, said the chief executive of Global Hyatt Corp in an intervie

Outlook for US airline business travel remains grim

CHICAGO - A sharp slowdown in business travel, the best moneymaker for major airlines, will cut into U.S. carriers' profits this year, and the picture doesn't look much better for 2010.

Northern Cyprus tourism looks gloomy

In a desperate attempt to find new markets for tourism, the illegal occupied areas of Cyprus will open a tourist office in the South Korean Capital Soeul. A protocol was signed yesterday at the so-called 'Ministry of Economy and Tourism' with the Parados Europe Company operating in South Korea to facilitate the opening of the North Cyprus Tourism office.'