Articles tagged “debt crisis”

SpiceJet has been facing financial and legal issues for years. However, the positive momentum of the Indian aviation industry is keeping it from going bankrupt, and that is what the airline is banking on.

Scandinavian airline SAS has voluntarily filed for chapter 11 bankruptcy protection in the U.S., to try and secure time and flexibility to reorganize its capital structure, reduce costs, and complete…

The Sri Lanka tourism chief’s resignation letter has enough warning signs for the country’s tourism industry. Now, if only someone is listening.

The project is modeled after Spain’s Paradores, 25 of which were recently shut down indicating not even they were safe from the recession. The Italian project might provide a tourism boost, but won’t be a saving grace.

It’s not the profits lost from the relocation of the fair, but a wave of gang violence and American reluctance to visit this part of Mexico that’s led the famous vacation destination into a sea of debt.

Like its uneasy neighbor Turkey, Cyprus is benefiting from an excellent location and unease and violence in the rest of the region and taking the lions' share of summer visitors.

Resentful locals and moneyed visitors is never a good mix for long-term tourism success, but it's great for capturing snapshots of the current economic state.

It may not be smart to tax one of Spain's quickest ways to economic recovery, but luckily the costs won't affect travelers who have already booked for this season.

This German-speaking autonomous region of Italy has fended for itself for years and now a confluence of smart spending, pristine scenery, and dissatisfaction with Italy's economy has it considering going solo.

The small growth that the GBTA has seen is due to the higher prices business travelers are paying for hotel rooms and airplane tickets rather than increased activity.