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Tag: recession

Magellan Jets celebrates another year of growth

Magellan Jets celebrates another year of growth

Magellan Jets is celebrating another year of growth, averaging 30% growth over the last 11 years.  2018 saw the ... Read More

Alitalia airline: Of back doors and scoundrels?

Alitalia airline: Of back doors and scoundrels?

Deputy Prime Minister and Minister of Economic Development, Luigi Di Maio, meeting the unions at Mise, (Ministry of Economic ... Read More

Minister: Egypt’s tourism had a leap in 2017 and large boom in 2018

Minister: Egypt’s tourism had a leap in 2017 and large boom in 2018

Speaking at a press conference with the board of the Egyptian Tourism Federation on Monday, Egyptian Tourism Minister Rania ... Read More

Jamaica PM speaks at launch of Global Tourism Resilience & Crisis Management Centre

Jamaica PM speaks at launch of Global Tourism Resilience & Crisis Management Centre

At the launch of the Global Tourism Resilience & Crisis Management Centre, Jamaica Prime Minister Hon. Andrew Holness shared ... Read More

South Asia Tourism finds prominent footing in world economy

South Asia Tourism finds prominent footing in world economy

A just-released UN report, provides facts and figures to show the importance of South Asia Tourism. Read More

Back to school: Learning how to look good

Back to school: Learning how to look good

Those that ponder the importance of “beauty” should recognize that the industry is valued at billions of dollars and ... Read More

Mineta San José International Airport sets new record for travelers served

Mineta San José International Airport sets new record for travelers served

With the arrival of Alaska Airlines Flight #346 from Seattle today, Mineta San José International Airport (SJC) marked a ... Read More

IATA: Airlines heading for a decade in the black

IATA: Airlines heading for a decade in the black

The International Air Transport Association (IATA) forecasts the global airline industry net profit to be $35.5 billion in 2019, ... Read More

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 ... Read More

Cashing in on the luxury travel market

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 ... Read More

IMF: Hong Kong may slide into recession

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, ... Read More

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

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 ... Read More

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

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 ... Read More

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

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 ... Read More

France receives 6%  fewer tourists in 2009

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 ... Read More

Despite regional travel downturn Amadeus reports strong performance

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 ... Read More

Exhibition industry declines over 12 percent since last 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 ... Read More

Readjusting travel spending in the recession

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 ... Read More

Economic recession hits Calgary hotels hard

Economic recession hits Calgary hotels hard

CALGARY - Last year hit the Calgary tourism industry hard. Read More

Business travel increases as recession eases

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 ... Read More

T.20 Ministers’ Meeting promotes dialogue for best practices

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 ... Read More

Medical travel outside US falls substantially

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 ... Read More

Recession sparks global shoplifting spree

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 ... Read More

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

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

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

Winter in Italy could put thousands of jobs at risk

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 ... Read More

Mediterranean holiday island’s tourism market feels European recession

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 ... Read More

New travel social network helps beat recession blues

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 ... Read More

Heavy reliance on a single industry hurts Hawaii’s economy

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 ... Read More

Guam’s Filipino tourism arrival on the upswing

Guam’s Filipino tourism arrival on the upswing

Matua Agupa Corp., the marketing arm of the Guam Visitors Bureau in Manila, is projecting a 5 percent to ... Read More

BA: Will keep focusing on premium travel

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 ... Read More

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

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? Read More

Surge in attempted fraud is feared by travel groups

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 ... Read More

Better cheap than empty

Better cheap than empty

As U.S. hotels try to lure a shrinking number of business and leisure travelers, the industry appears to have ... Read More

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

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 ... Read More

Examining the global luxury travel market during the recession

Examining the global luxury travel market during the recession

In April 2009, The Leading Hotels of the World, Ltd. engaged Market Metrix to conduct two surveys to gauge ... Read More

Luxury hotels in Hong Kong empty out as recession hits tourism

Luxury hotels in Hong Kong empty out as recession hits tourism

Hong Kong - Luxury hotels in Hong Kong are seeing occupancy rates fall steeply as travellers seek cheaper accommodation ... Read More