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World Travel Market Vision Conference Research Revealed

World Travel Market Vision Conference Research Revealed World Travel Market Vision Conference Research Revealed

The 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 unveiled ...

Cashing in on the luxury travel market

Upscale tourism rapidly expanding Cashing in on the luxury travel market

By Dr. Peter Tarlow, Tourism & More

Despite the worldwide recession, there is one area of the tourism market that is rapidly expanding, that is the upscale or luxury market.

IMF: Hong Kong may slide into recession

International Monetary Fund warns Hong Kong 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.

McDonald's is selling the Quarter Ouncer and the Treasure Island Casino in Las Vegas is now managed by Somali pirates

Angelina Jolie adopted a child from America McDonald's is selling the Quarter Ouncer and the Treasure Island Casino in Las Vegas is now managed by Somali pirates

The 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 ...

IMEX America optimism index hints that worst of recession may be over

Increasing Sustainability And Improved ROI Are Industry Hallmarks IMEX America optimism index hints that worst of recession may be over

Positive responses to a meetings industry survey of buyers and suppliers in North America suggest returning levels of confidence and rising business expectations.

IMF completes first review under Extended Fund Facility Arrangement for Seychelles and approves US$3.3 million disbursement

Country Emerges From Recession IMF completes first review under Extended Fund Facility Arrangement for Seychelles and approves US$3.3 million disbursement

The 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 ...

France receives 6%  fewer tourists in 2009

French Arrivals Decline In 2009 France receives 6% fewer tourists in 2009

By Helene Fouquet

France, the world’s most visited country, received 6 percent fewer tourists in 2009 because of the economic crisis and unfavorable currency rates.

Despite regional travel downturn Amadeus reports strong performance

Growth In Asia Pacific, Middle East And Africa Despite regional travel downturn Amadeus reports strong performance

By eTN Staff Writer

Amadeus reported that its company has shown growth in bookings of more than 9 percentage points compared to the previous year.

Exhibition industry declines over 12 percent since last year

Recession Takes Its Toll Exhibition industry declines over 12 percent since last year

By eTN Staff Writer

The Center for Exhibition Industry Research (CEIR) announced the results of its final 2009 CEIR Index report, which indicate that industry declined 12.5 percent.

Readjusting travel spending in the recession

American Express Creates Interactive Scorecard Readjusting travel spending in the recession

By eTN Staff Writer

Produced 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 ...

Economic recession hits Calgary hotels hard

Calgary Tourism Economic recession hits Calgary hotels hard

By Mario Toneguzzi

CALGARY - Last year hit the Calgary tourism industry hard.

Business travel increases as recession eases

Air Travel Hassles Not A Deterrent Business travel increases as recession eases

By eTN Staff Writer

In a recent survey of business travelers, it was revealed that as the recession begins to ease, so do the purse strings on business travel.

T.20 Ministers' Meeting promotes dialogue for best practices

Emerging From The Global Economic Recession T.20 Ministers' Meeting promotes dialogue for best practices

By eTN Staff Writer

The 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 ...

Medical travel outside US falls substantially

Medical Tourism Medical travel outside US falls substantially

While medical tourism is likely to remain popular long-term, it's taken a real hit as the U.S. has struggled with the recession.

Recession sparks global shoplifting spree

Annual Global Retail Theft Barometer Survey Recession sparks global shoplifting spree

By BRUCE CRUMLEY

The global recession isn't just making jobs scarce and spending money tighter - it's also turning more people into thieves.

WTTC maintains the longer-term outlook for travel and tourism is still bright

Travel And Tourism Key Growth Engine WTTC maintains the longer-term outlook for travel and tourism is still bright

By eTN Staff Writer

2009 has seen the worst recession since the 1930s, with global GDP contracting by an estimated 1.3 percent.

Winter in Italy could put thousands of jobs at risk

Troubled Italian Jobs Winter in Italy could put thousands of jobs at risk

By Mario Masciullo, eTN Staff Writer

The 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 ...

Mediterranean holiday island's tourism market feels European recession

Cyprus Tourist Arrivals Plunge Mediterranean holiday island's tourism market feels European recession

NICOSIA — 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.

New travel social network helps beat recession blues

Connecting Travelers With Insiders New travel social network helps beat recession blues

By eTN Staff Writer

Go-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, ...

Heavy reliance on a single industry hurts Hawaii's economy

Hawaii Tourism Slump 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.

BA: Will keep focusing on premium travel

British Airways BA: Will keep focusing on premium travel

British 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 ...

Battered by recession, Caribbean tourism is looking for the way out of crisis

Caribbean Tourism Battered by recession, Caribbean tourism is looking for the way out of crisis

How should Caribbean governments seek to support tourism during a global recession?

Surge in attempted fraud is feared by travel groups

UK Surge in attempted fraud is feared by travel groups

The 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.

Better cheap than empty

US Hotels Better cheap than empty

As 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."

Full-blown recession and economic meltdown make Iceland more accessible for tourists

Iceland Full-blown recession and economic meltdown make Iceland more accessible for tourists

REYKJAVIK, 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.

Examining the global luxury travel market during the recession

Hoteliers And Passionate Travelers Suggest A Rebound Is Near Examining the global luxury travel market during the recession

By eTN Staff Writer

In 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 current economic ...

Luxury hotels in Hong Kong empty out as recession hits tourism

Hong Kong Luxury hotels in Hong Kong empty out as recession hits tourism

By monstersandcritics.com

Hong 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 ...

US Air CEO: Mergers needed in recession

Airline Industry US Air CEO: Mergers needed in recession

By uk.reuters.com

The recession, which has eroded travel demand and punished U.S.

Recession Fallout Spreads To Transoceanic Routes Air Transport Association reports sharp decline in passenger and cargo demand

By eTN Staff Writer

The Air Transport Association of America (ATA) on Friday reported that passenger revenue fell 19 percent in February 2009 versus the same month in 2008 - the fourth consecutive month in which ...

R.O.A.R.: Lay blame where blame is due, but it’s not the hotels

Hospitality Industry R.O.A.R.: Lay blame where blame is due, but it’s not the hotels

By Jean Francois Mourier & Bruno Perez, revparguru.com

For the past 6 months, most of us in the hotel industry have sat by watching the effect of Wall Street’s excesses, or the “AIG effect” impact the meetings industry.

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