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Articles tagged “recession”

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 | 5 years ago

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

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 | 11 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 | 11 years ago

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

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 | 11 years ago

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

Hotels

Spanish hoteliers gather to gripe about pessimistic predictions for next year

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.

Skift | 11 years ago

Spanish hoteliers gather to gripe about pessimistic predictions for next year

Business Travel

The U.S. travel industry will fall alongside the economy should it head off the “fiscal cliff”

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.

Skift | 11 years ago

Hotels

Hoteliers are wary of investing in Europe’s opaque hotel market

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.

Skift | 11 years ago

Hoteliers are wary of investing in Europe’s opaque hotel market

Cruises

Cruise ships designed for a recession will hit the water this spring

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.

Skift | 12 years ago