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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 tomorro

Cashing in on the luxury travel market

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

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...

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 Congressmen.

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

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...

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 (EFF).

France receives 6% fewer tourists in 2009

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

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

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

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 reces

Economic recession hits Calgary hotels hard

CALGARY - Last year hit the Calgary tourism industry hard.

Business travel increases as recession eases

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

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 practi

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

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...

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

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 imp

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

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, actio

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 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 U.S.

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

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

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

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

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.
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