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Tourists trickling back to crisis-hit Cyprus

After Cyprus's bloated banking sector was hit by a body blow this spring, sending the economy further into recession, cut-price summer holiday offers are attracting tourists but not the spending neede

Czech tourism brings $4.55 billion annually into state budget

PRAGUE, Czech Republic - Revenues from tourism brought over Kc90bn ($4,55 billion US) annually to the state budget in the years 2010 and 2011 so there are signs of improvement for tourism, according t

2012 again demonstrated how resilient travel and tourism industry is, WTTC...

(eTN) - Fresh off the release of the World Travel & Tourism Council’s (WTTC) favorable 2012 global travel and tourism industry economic report, the organization’s president and CEO, David Scowsill

International tourism strong despite uncertain economy

International tourist arrivals grew by 4% between January and August 2012 compared to the same period of 2011 according to the latest UN World Tourism Organization (UNWTO) World Tourism Barometer.

Summer ends strong for Hawaii tourism economy

HONOLULU, Hawaii - Total expenditures by visitors who came to Hawaii in August 2012 rose 14.6 percent (or +$151.4 million) compared to the previous year to $1.19 billion1, according to preliminary sta

China will meet its 2012 growth target, Premier Wen says

TIANJIN, China – While China’s economy faces significant stress, it will meet its official growth target of 7.5% GDP growth in 2012, Premier Wen Jiabao said in an address to 2,000 business, govern

Taiwan sets a goal of attracting additional 3 million foreign visitors

TAIPEI, Taiwan - As part of the government’s strategy to boost the economy, Premier Sean Chen yesterday set a goal of attracting an additional 3 million foreign tourists within four years, particula

Hospitality Association of Namibia: Budget allocations ignore tourism

The Hospitality Association of Namibia says, although the tourism industry was identified as a key sector for economic growth and job creation under the much-hyped TIPEEG program, the recent budget al

Europeans bank on tourism for economic recovery

DUBAI, UAE - When the global financial crisis hit Europe in 2008, one of the first things that Christian Lagarde, then French finance minister, did was to bring Atout France, the country's tourism pro

Saudis, Indians most confident about their economies

Indians have emerged as the second most confident people about their economy across the world on easing inflationary pressure and increased foreign investments, says a report.

Six reasons why the economy isn’t as bad as it seems...

No one is saying that everything is suddenly all better now, that an economy once flatter than a pancake has suddenly ballooned up like a puffer fish and everyone is now rolling in dough.

Two in five Americans feel less secure financially in 2012

NEW YORK, N.Y. - As the New Year dawns, it is a time when many look to the upcoming months full of optimism and hope.

Vietnam wants to move away from traditional markets

HA NOI — Vietnam's Ministry of Industry and Trade wants to move the nation away from traditional markets to a modern retail distribution system, accounting for 40 per cent of the total retail trade

Philippines’ government banking on tourism

MANILA, Philippines — The Selection of the Puerto Princesa Underground River in the list of the New 7 Wonders of Nature augurs well for Philippine tourism.

Chinese VP: Unbalanced recovery better than balanced recession

CHENGDU, China - Chinese Vice Premier Wang Qishan warned yesterday that the global economy was in a grim state while the visiting US commerce secretary said China would be spending US$1.7 trillion on

Qatar National Convention Center targets knowledge-based conferences

DOHA, Qatar – The Qatar National Convention Centre (QNCC) will tonight host a major awards dinner recognizing major achievements in the fields of biomedical, energy, computing, environmental, arts,

IMF: Hong Kong may slide into recession

Hong Kong could slide into a recession next year because of depressed trade and instability in the financial sector, the International Monetary Fund warned.

Zanzibar focuses on tourism to boost its economy and job creation

(eTN) – The Indian Ocean tourist island of Zanzibar is looking at tourism as the isle’s leading economic sector and a leading employer to a half of the island's workforce.

Tourism Ministers challenge decision makers to use tourism to stimulate economy

The Ministers of Tourism of the major economies meeting in Paris for the 3rd T20 Ministers’ Meeting have called on decision-makers to consider tourism within their strategies to foster the economy a