Global tourism industry collapses: UN World Tourism Agency
The United Nations World Tourism Organization recently revealed, that international tourism fell by eight per cent in the first quarter of 2009. More...
Global Aviation Heading For $9 Billion Loss
The global aviation industry is heading for a gigantic $9 billion in 2009 More...
Tourism and travel industry set to contract in 2009
The global tourism and travel industry is set to contract in 2009, according to a new report by Euromonitor International entitled “The Forecast Restatement – Travel and Tourism in a Crisis” launched More...
Europe Hoteliers Expect Chain Bankruptcies
A survey of 261 European hotel executives has revealed a worse-than-expected outlook More...
Global hotel prices drop 12 per cent
The average price of a hotel room around the world fell by 12 percent last year More...
Airlines to face $4.7 billion losses
The global airlines industry is expected to lose $4.7 billion in 2009 as the global financial More...
Sol Melia sees 70 per cent drop in profits
Sol Meliá announced results today for the 2008 financial year which reflect the negative impact the global economic crisis is having on the travel industry More...
Tourism Predictions 2009
Stormy weather ahead for the Travel and Tourism industry? What everyone in the tourism industry is asking themselves right about now is: How will tourism in 2009 be affected by the global economic crisis? More...
U.S. hotel industry down nearly 40% 2008
Recent reports by leading hotel industry analysts are showing dramatic reduction in hotel occupancy rate and average daily rate. More...
Thousands of jobs lost in tourism sector
As the global economic crisis unfolds, companies around the globe are putting their investments on hold and cutting costs wherever they can – with most companies cutting jobs. More...
