Articles tagged “economy”

Shopping for designer brands is a huge part of travel for newly rich emerging economies, and for foreign shoppers, these brands are way more expensive back in their own countries.

The rise of one tourism economy must mean the fall of another, and in this case, Asia is going to keep on glowing through 2013, while the previous stalwarts in Europe struggle just to stay in the game.

Greece could still enjoy the esteem of hosting celebrities and political influencers while receiving a sizable investment for iconic property; a win-win for the cash-strapped country.

China’s outbound tourism is one of the most obvious signs of its rising economic and cultural power, one that the U.S. would be foolish not to accommodate for the many economic benefits.

The relationship between corporations and the travel industry is one that’s bound to go in circles until the overall economy improves since budgets are beyond tight and airfares and room rates are dependent on demand.

This is win-win for budget and luxury travelers who will hopefully be able to find more rooms at lower prices as the building boom takes the edge of the city’ sky-high occupancy rates.

So is the hope, that recent history has taught it some lessons, and the long term prospects of a stable emirate in a volatile region will continue the upwards rise.

Even though these numbers augur well for the general travel industry, boosting travel jobs is heavily dependent on boosting U.S. tourism, and a lot of work needs to be done on that, including making U.S. a more welcoming place for all kinds of international travelers.

Brazil’s economic boom has fueled a building bonanza, which could eventually become an issue if there’s an oversupply of rooms when the country’s global hosting responsibilities come to an end.

The European recession was never expected to decrease inbound travel, especially from Asia, but an outbound increase of 1 percent is closer to stagnation than growth for outside markets.