Articles tagged “debt crisis”

Italy leases abandoned castles to luxury hoteliers for cash

Italy leases abandoned castles to luxury hoteliers for cash

Nick Squires, The Daily Telegraph

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.

6 years ago

Acapulco asks Mexican government to make up for canceling the city’s annual tourism fair

Acapulco asks Mexican government to make up for canceling the city’s annual tourism fair

Associated Press

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.

6 years ago

Despite crisis, Cyprus’ Greek half isn’t doing so bad this summer

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.

6 years ago

Spetses, Greece: Where locals can’t keep up with moneyed Athenian visitors

Vanessa Thorpe, The Guardian

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.

6 years ago

Spain’s bumps up VAT taxes in effort to ease its economic pains

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.

7 years ago

Tourism means South Tyrol isn’t having an issue during Italy’s recession

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.

7 years ago

Europe’s woes cause biz travel to slow its growth

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.

7 years ago

Hotel brands think Barcelona plus the debt crisis equal a smart investment

The worst thing that could happen for consumers is that competition between 4- and 5-star properties push prices down across the board or force some of them to retrofit for middle-class shoppers.

7 years ago

The Marxist-Leninist president who’s really, really happy to see foreign tourists

Tourism seems to be the only bright spot on an island that until recently had sparkled because if its banking prowess.

7 years ago

Expedia partners with Greek travel agency — debt crisis will travel

Tight economic times are fertile ground for discounters, whether it's Priceline, Hotwire or airtickets.gr, which is partnering with Expedia for dynamic packages.

7 years ago