Tag: recession
Magellan Jets celebrates another year of growth
editor- February 28, 2019 23:04Magellan Jets is celebrating another year of growth, averaging 30% growth over the last 11 years. 2018 saw the most renewals in history, with a renewal rate of 27%. Their ... Read More
Alitalia airline: Of back doors and scoundrels?
Mario Masciullo - eTN Italy- February 22, 2019 01:37Deputy Prime Minister and Minister of Economic Development, Luigi Di Maio, meeting the unions at Mise, (Ministry of Economic Development) outlined the account of the new company, AZ, and declared, ... Read More
Minister: Egypt’s tourism had a leap in 2017 and large boom in 2018
Chief Assignment Editor- February 19, 2019 02:20Speaking at a press conference with the board of the Egyptian Tourism Federation on Monday, Egyptian Tourism Minister Rania al-Mashat praised the country's tourism sector as one of the fastest ... Read More
Jamaica PM speaks at launch of Global Tourism Resilience & Crisis Management Centre
editor- January 31, 2019 02:12At the launch of the Global Tourism Resilience & Crisis Management Centre, Jamaica Prime Minister Hon. Andrew Holness shared his thoughts on the importance of the work being initiated today ... Read More
South Asia Tourism finds prominent footing in world economy
Anil Mathur - eTN India- January 24, 2019 01:16A just-released UN report, provides facts and figures to show the importance of South Asia Tourism. Read More
Back to school: Learning how to look good
Dr. Elinor Garely - special to eTN- January 19, 2019 21:04Those that ponder the importance of “beauty” should recognize that the industry is valued at billions of dollars and is supported by men and women. Read More
Mineta San José International Airport sets new record for travelers served
Chief Assignment Editor- December 20, 2018 01:12With the arrival of Alaska Airlines Flight #346 from Seattle today, Mineta San José International Airport (SJC) marked a significant milestone by serving its 14.3 millionth traveler. Passenger Sergio Aguilera, ... Read More
IATA: Airlines heading for a decade in the black
Chief Assignment Editor- December 12, 2018 06:30The International Air Transport Association (IATA) forecasts the global airline industry net profit to be $35.5 billion in 2019, slightly ahead of the $32.3 billion expected net profit in 2018 ... Read More
World Travel Market Vision Conference Research Revealed
editor- April 19, 2012 05:06The UK travel industry will remain at the mercy of the local and global economy this year, with the London 2012 Olympics creating as many challenges as opportunities, reveals research ... Read More
Cashing in on the luxury travel market
editor- January 3, 2012 08:14Despite the worldwide recession, there is one area of the tourism market that is rapidly expanding, that is the upscale or luxury market. Read More
IMF: Hong Kong may slide into recession
editor- November 22, 2011 05:13Hong Kong could slide into a recession next year because of depressed trade and instability in the financial sector, the International Monetary Fund warned. Read More
McDonald’s is selling the Quarter Ouncer and the Treasure Island Casino in Las Vegas is now managed by Somali pirates
editor- September 25, 2011 15:06The recession has hit everybody really hard... -My neighbor got a pre-declined credit card in the mail. -CEO's are now playing miniature golf. -Exxon-Mobil laid off 25 Congressmen. Read More
IMEX America optimism index hints that worst of recession may be over
editor- October 28, 2010 05:29Positive responses to a meetings industry survey of buyers and suppliers in North America suggest returning levels of confidence and rising business expectations. Read More
IMF completes first review under Extended Fund Facility Arrangement for Seychelles and approves US$3.3 million disbursement
editor- July 2, 2010 01:48The executive board of the International Monetary Fund (IMF) has completed the first review of the Seychelles’ economic performance under the three-year Extended Fund Facility Arrangement (EFF). Read More
France receives 6% fewer tourists in 2009
editor- April 14, 2010 08:11France, the world’s most visited country, received 6 percent fewer tourists in 2009 because of the economic crisis and unfavorable currency rates. Read More
Despite regional travel downturn Amadeus reports strong performance
editor- April 13, 2010 06:08Amadeus reported that its company has shown growth in bookings of more than 9 percentage points compared to the previous year. Read More
Exhibition industry declines over 12 percent since last year
editor- March 25, 2010 07:57The Center for Exhibition Industry Research (CEIR) announced the results of its final 2009 CEIR Index report, which indicate that industry declined 12.5 percent. Read More
Readjusting travel spending in the recession
editor- March 25, 2010 07:27Produced by American Express Business Travel’s expert insights research team, a report has been compiled examining how corporations have adapted their travel programs in response to the global reces Read More
Economic recession hits Calgary hotels hard
editor- March 23, 2010 06:36CALGARY - Last year hit the Calgary tourism industry hard. Read More
Business travel increases as recession eases
editor- March 20, 2010 02:20In a recent survey of business travelers, it was revealed that as the recession begins to ease, so do the purse strings on business travel. Read More
T.20 Ministers’ Meeting promotes dialogue for best practices
editor- February 27, 2010 04:41The T.20 Ministers’ Meeting is a member-driven initiative, acting as a forum for the growth and development of sustainable tourism by promoting dialogue and the exchange of knowledge and best ... Read More
Medical travel outside US falls substantially
editor- December 1, 2009 04:49While medical tourism is likely to remain popular long-term, it's taken a real hit as the U.S. has struggled with the recession. Read More
Recession sparks global shoplifting spree
editor- November 12, 2009 05:51The global recession isn't just making jobs scarce and spending money tighter - it's also turning more people into thieves. Read More
WTTC maintains the longer-term outlook for travel and tourism is still bright
editor- November 11, 2009 02:542009 has seen the worst recession since the 1930s, with global GDP contracting by an estimated 1.3 percent. Read More
Winter in Italy could put thousands of jobs at risk
editor- September 18, 2009 06:40The Italian Tourism Federations are simultaneously addressing to the newly-formed Italian minister of tourism petitions for assistance, suggestions and plea to help the Italian tourism industry to imp Read More
Mediterranean holiday island’s tourism market feels European recession
editor- September 11, 2009 03:38NICOSIA — Cyprus tourist arrivals plunged 10.9 percent during the first eight months of 2009, official figures showed on Thursday, signalling little respite for the recession-hit economy. Read More
New travel social network helps beat recession blues
editor- August 26, 2009 05:45Go-Lo.net, a new travel social network that breaks down the traditional barriers that have stood between travelers and travel journalists, publicists, agents, vendors, and anyone else with good, actio Read More
Heavy reliance on a single industry hurts Hawaii’s economy
editor- August 18, 2009 07:11HONOLULU - Hawaii is facing its worst recession since becoming a state 50 years ago, dragged down by its reliance on a single industry. Read More
Guam’s Filipino tourism arrival on the upswing
editor- August 10, 2009 04:56Matua Agupa Corp., the marketing arm of the Guam Visitors Bureau in Manila, is projecting a 5 percent to 8 percent increase in Filipino travelers to the island territory during ... Read More
BA: Will keep focusing on premium travel
editor- July 15, 2009 05:36British Airways Plc won’t budge from its strategy of focusing on premium travel even as the recession saps demand for its most lucrative services across the North Atlantic, the carrier’s ... Read More
Battered by recession, Caribbean tourism is looking for the way out of crisis
editor- July 13, 2009 04:05How should Caribbean governments seek to support tourism during a global recession? Read More
Surge in attempted fraud is feared by travel groups
editor- July 7, 2009 07:13The travel sector is braced for a surge in holiday season internet and telephone payment fraud attempts, as financial crime responds to the recession and improved credit card security. Read More
Better cheap than empty
editor- June 20, 2009 09:31As U.S. hotels try to lure a shrinking number of business and leisure travelers, the industry appears to have adopted a new motto - "Better cheap than empty." Read More
Full-blown recession and economic meltdown make Iceland more accessible for tourists
editor- June 16, 2009 05:51REYKJAVIK, Iceland - In better times, Nina Bjork, one of Iceland's fashion glitterati, would be busy styling photo shoots for the island's top design houses. Read More
Examining the global luxury travel market during the recession
editor- May 29, 2009 05:11In April 2009, The Leading Hotels of the World, Ltd. engaged Market Metrix to conduct two surveys to gauge the views and behaviors of its hoteliers and consumers during the ... Read More
Luxury hotels in Hong Kong empty out as recession hits tourism
editor- April 7, 2009 05:33Hong Kong - Luxury hotels in Hong Kong are seeing occupancy rates fall steeply as travellers seek cheaper accommodation because of the global economic slump, according to government figures released ... Read More