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Portugal announces plans for biggest tourism investment in decade

LISBON, Portugal - Portugal's efforts to upgrade its tourism industry got a boost on Friday with the announcement of plans for a 92 million euro ($121 million) luxury resort whose backers say is the b

Korean Air provides lifeline for struggling Czech Airlines

Korean Air has taken a 44 percent stake in Czech Airlines, providing a lifeline for the loss-making state-owned carrier and giving the Korean group a bigger presence in Europe.

Foreign investors ready to enter Myanmar hotel and tourism sector

YANGON, Myanmar - Foreign investors expressed their interest in Myanmar tourism business at a conference held in Yangon last week.

Delta to make investments in customer experience on transcontinental flights

ATLANTA, Georgia - Delta Air Lines is adding new elements to its transcontinental service, offering customers traveling between New York-JFK and Los Angeles, San Francisco and, soon, Seattle, more din

Kenyan coast resort operators blame government for lack of tourists

(eTN) - A regular source from the Kenyan coast reports overwhelming disappointment by industry stakeholders associated at the Mombasa and Coast Tourist Association.

Jeju becomes major destination for Chinese tourism and investment

JEJU CITY, South Korea - The Consulate General of China in Jeju officially started business on July 14.

Mobile services top investment priority for most airlines

Ninety-three per cent of airlines have mobile services for passengers as a top investment priority over the next three years, with 58 per cent investing in major programmes, a report said.

Starwood Hotels & Resorts doubling footprint in China

SHANGHAI, China - Starwood Hotels & Resorts Worldwide, Inc.

Delta Air Lines invests in Grupo Aeromexico

MEXICO CITY, Mexico - Grupo Aeromexico today received from Delta Air Lines Inc.

Israeli tourism to invest heavily in Eilat

The Ministry of Tourism is expected to invest about NIS 41 million in the southern resort town of Eilat in 2012.

Danish carrier Cimber Sterling declares bankruptcy

Danish carrier Cimber Sterling has declared bankruptcy on Thursday, after its owners decided not to continue their financial support of the company.

Latin American leaders say region should boost trade and investment

PUERTO VALLARTA, Mexico – Latin America must address pressing economic and social challenges to ensure that it can attract the trade and investment it needs to drive growth, government leaders stres

Peru’s popularity with tourists soars

LONDON, England - Peru is set to become one of the most popular destinations of 2012 as tourists from around the world flock to sample the delights of this exotic country and its excellent tourist ame

Scotland heats up for luxury hotel investment

EDINBURGH, Scotland - With five Scottish cities among the top 10 European cities with the highest hotel occupancy rates during 2011, Scotland is heating up as a prime destination for luxury hotel inve

Airbus to invest €2 billion in research and development in 2012

At the Airbus Day 2012 in Brussels, a high-profile gathering of over 100 Members of the European Parliament, policy-makers and industry representatives discussed key issues for the European aerospace

Dubai’s Emirates Airline ready to invest in India

Emirates Airline's chairman Sheikh Ahmed bin Saeed Al-Maktoumis announced that the carrier is open to investments in India.

Huge debt burden looms for Indian airlines in 2012

The Indian airline industry is expected to suffer a huge debt burden of $ 20 bn in 2011-12, with the Planning Commission recommending "significant and continuous investment" to give a boost to the cas

SuperStar Virgo to undergo $25 million makeover

PETALING JAYA - Star Cruises will invest US$25 million (RM79.2 million) to refurbish its SuperStar Virgo cruise liner to strengthen its cruise holiday products for regional and international passenger

Prince Alwaleed, Kingdom Holding Company make $300 million investment in Twitter

RIYADH, Saudi Arabia - HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, and Kingdom Holding Company (KHC), announced a combined investment of $300 Million in Twitter.
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