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Weak yen drives South Korea’s tourism deficit to record heights

SEOUL, South Korea - South Korea's tourism deficit touched a seven-quarter high in the first quarter due to the Japanese yen's fall versus the local currency, data showed Tuesday, with local travel ag

US tourism increasing its trade surplus

While the latest figures show the overall U.S. trade deficit at almost $50 billion in the month of June, at least one sector, tourism, is increasing its trade surplus.

China expected to show first ever tourism deficit

China's statistics from 2009 are expected to show its first deficit in tourism, due to a weak global economy and a strong travel incentives at home, a senior researcher said.

O’Hare airport expansion moving forward despite economic woes

CHICAGO, IL - As city workers fear job cuts and suffer furloughs, the O'Hare Modernization Project is still moving forward.

Strong dollar blamed for soaring travel deficit

OTTAWA - Canada's strong dollar has contributed to a more than sixfold increase in Canada's travel deficit and there's no relief in sight, a report prepared for the Canadian Tourism Commission suggest