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South Korean hotels and tourism-related businesses could face a slump in...

SEOUL, Korea - Three out of 10 South Korean hotels and other tourism-related businesses said they could face a slump this year due to the global economic slowdown and the local currency's ascent again

Korea braces for slump in Japanese tourism

Around this time of the year, local businesses related to the tourism industry such as hotels and airlines are busy preparing for the anticipated arrival of Japanese tourists during the Golden Week ho

Hawaii hotels lost $1.1B since 2008

HONOLULU — A new report says hotels in Hawaii lost US$741 million last year, $1.1 billion since the tourism slump began in 2008.

Boeing, Airbus see weak demand last for at least two more...

Airbus SAS and Boeing Co., the world’s two biggest planemakers, expect a demand slump to continue for at least two more years as airlines pare growth following a record drop in air travel.

L.A. JW Marriott and Ritz-Carlton face tough debute

The JW Marriott and Ritz-Carlton hotels that share a downtown building will open in coming weeks amid one of the worst slumps in years for the hospitality business.

Heavy reliance on a single industry hurts Hawaii’s economy

HONOLULU - Hawaii is facing its worst recession since becoming a state 50 years ago, dragged down by its reliance on a single industry.

Thomas Cook, British Airways fall after predicting 2-year slump

Thomas Cook Group Plc and British Airways Plc slid in London trading after executives at both companies said the global recession may cripple tourism demand for two years.

Southwest CEO says travel slump hasn’t hit bottom

DALLAS — The chief executive of Southwest Airlines says travel slumped in early March from February's already sluggish pace and the airline industry hasn't yet hit bottom amid a recession.

Couples are saying “I Don’t” to Hawaii Weddings

According to state visitor statistics, the number of people traveling to Hawaii to get married last year plunged 16 percent from the previous year, to approximately 60,100 couples.

Hawaiian Air ended ’08 with US$11.9M slump

HONOLULU, HI - What began as a promising year for Hawaiian Airlines ended on a negative note due to volatile fuel prices and an "economic cataclysm" that resulted in a double-digit decline in statewi

Economic slump derails America’s tourism boom

BERLIN (eTN) - The global economic recession arrived on the US tourism scene in September 2008 like an abrupt cold-weather front.

Premium air-travel slump gathers pace as trade slows

Premium air travel slumped further in November as global trade slowed and business confidence waned, adding to carrier woes, the International Air Transport Association said.

Ireland fights €300m slump in tourism

Visitor numbers to Ireland are likely to drop by at least 5% next year, on top of the 3% decline this year, Martin Cullen, the tourism minister, has warned.

Hawaii trying to combat major tourism slump

The wide sidewalks along the usually bustling Kalakaua Avenue in Waikiki are empty, as are many of the stores, restaurants and famed beaches.

Cruise sector will survive economic slump

IN SPITE of gloomy economic forecasts, the cruise industry is in good shape to weather an economic downturn, speakers at the Seatrade cruise conference in Miami suggested this week.

Gordon Brown attacked over slump in tourists

Leisure industry leaders have lined up to blast the UK Government for its approach to tourism after figures showed that the number of visitors coming to Britain grew at its slowest pace since 2001.