Las Vegas is wooing international visitors who spend more and stay longer than Americans as well as adopting to a new younger set of customers that prefer clubs over casinos.
Locals indeed have reason to accommodate foreigners with an influx of arrivals this summer season expected to push tourism’s GDP contribution to almost 20 percent.
It’s a lethal combination of the country’s largest job creators cutting costs and small local shops shutting down which has led to such significant losses in the Spain’s most important employment sector.
With the sale of ANA, Portugal has exceeded its goal of raising 5.5 billion euro to repair debts, which could be one reason why it rejected the only bid that came in for state-owned airline TAPA last week.
Kerala’s steady stream of European tourists has thinned down to a trickle due to economic pressures at home, although (like in many Asian nations) the wealthy or ill still fill rooms for health and medical amenities.
The ailing hotel industry is a victim of Spain’s economic recession, which is prompting the government to impose taxes that actually hinder the growth of tourism, its greatest commodity.
Spending on business travel will initially drop by $20 billion if the U.S. enters a recession, but could bounce back from lower interest rates and reduced deficits over the long run.
Few hotel transactions have transpired in recent quarters leaving investors unconfident when it comes to determining valuations, but one expert believes a boost in optimism is all the market needs to get going.
These space-efficient ships, featuring multi-purpose rooms and flexible dining and show schedules, were designed post-2008 once cruise lines realized they'd have to offer the same services and save more on fuel.