Are Arab nations snubbing the West by pushing for integration with investment money?

When it comes to tourism investment money, the message that is reverberating across Arab nations is clear: Focus on the region and forget the rest.

International travel booming despite oil prices

MANILA, Philippines - Despite the global slowdown and surging oil prices, international travel is booming due to the globalization of business, rise of low-cost carriers and rising affluence, said a leading global travel solutions firm.

Caribbean can weather tourism storm

CASTRIES, St. Lucia - While the price of oil sky-rockets and airlines reduce services and increase fares to some Caribbean destinations, one of the region's most experienced tourism officials wants the Caribbean to embark on innovative strategies to mitigate any negative fallout in Caribbean travel.

US airline industry headed toward 'catastrophe' at current oil prices

WASHINGTON, DC & RADNOR, PA - At current oil prices, several large and small US airlines will default on their obligations to creditors beginning at the end of 2008 and early 2009, according to a study issued today by AirlineForecasts, LLC and the Business Travel Coalition.

Rising costs reshaping air travel across the USA

Record-high oil prices are threatening to ground millions of travelers who have grown accustomed to flying for fun and business during the past 30 years.

Oil prices may force airline consolidation

Northwest Airlines Corp. CEO Doug Steenland says high crude oil prices may further encourage consolidation in the airline industry, according to media reports.

MarketWatch reports that Steenland said the looming recession and the fast rise in oil prices make airline consolidation "inevitable," according to a transcript released ... read more

2007: A winning year in tourism

(eTN) – As we begin yet another year, tourism trends do not look bleak, just yet. The sustained growth rate of the past 10 years will continue with full year growth rates estimated at 5.7 percent average. Growth will be driven by the emerging markets and the developing countries.