Articles tagged “recession”

Coronavirus

Look Back to 2008 for a Glimpse at Travel’s Coming Recovery: New Skift Research

The green shoots of travel's recovery are starting to appear. No two crises are alike, but by studying the last recession, we can glean hard-earned insights into the direction travel will take over the next few months and years.

Seth Borko, Skift Research | 2 years ago
Look Back to 2008 for a Glimpse at Travel’s Coming Recovery: New Skift Research

Tourism

Recession Possible for Tourism-Dependent Singapore Due to Coronavirus: Prime Minister

Coronavirus is looking like it may take an unprecedented hit on the travel industry, and tourism-dependent economies like Singapore's stand to lose the most.

Reuters | 2 years ago
Recession Possible for Tourism-Dependent Singapore Due to Coronavirus: Prime Minister

Tourism

Hong Kong Economy May Be Worst-Hit by Coronavirus Outside China

Hong Kong certainly didn't need more problems after an exceptionally rocky 2019. But in coronavirus it's found just that.

Marius Zaharia and Clare Jim, Reuters | 2 years ago
Hong Kong Economy May Be Worst-Hit by Coronavirus Outside China

Tourism

Hong Kong Officially Enters a Recession Triggered by a Tourism and Retail Freefall

The news has been on the horizon for awhile but now it's official: Hong Kong has entered a technical recession largely caused by the fall in retail spending and visitor arrivals.

Kelvin Chan, Associated Press | 2 years ago
Hong Kong Officially Enters a Recession Triggered by a Tourism and Retail Freefall

Tourism

Skift Call Jan. 16: Why Travel Needs to Shake Off the Gloom in 2019

You're hearing a lot of doomsday forecasts for 2019. Global recession. Stock market rout. Runaway inflation. We're here to give you the flip side for how travel this year could be just fine. Listen to our experts on Wednesday, January 16 at 1 p.m. EST on a Skift Call. Please join us for this all-important discussion.

Tom Lowry, Skift | 3 years ago
Skift Call Jan. 16: Why Travel Needs to Shake Off the Gloom in 2019

Tourism

Las Vegas Pegs Tourism Turnaround on Foreign Visitors, New Megaprojects

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.

Richard Velotta, Las Vegas Sun | 8 years ago
Las Vegas Pegs Tourism Turnaround on Foreign Visitors, New Megaprojects

Tourism

Greek prime minister tells Greeks to put on a happy face for summer tourists

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.

Helena Smith, The Guardian | 9 years ago
Greek prime minister tells Greeks to put on a happy face for summer tourists

Tourism

One fourth of Spain’s tourism workers lost jobs due to the recession

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.

Skift | 9 years ago
One fourth of Spain’s tourism workers lost jobs due to the recession

Airlines

Portugal unloads state airport operator to French concessions company for $4.07 billion

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.

Henrique Almeida, Bloomberg | 9 years ago
Portugal unloads state airport operator to French concessions company for $4.07 billion

Hotels

Ayurvedic tourism is a saving grace in the difficult days ahead for Kerala, India

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.

Skift | 9 years ago
Ayurvedic tourism is a saving grace in the difficult days ahead for Kerala, India