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. Share

Global Aviation Heading For $9 Billion Loss

The global aviation industry is heading for a gigantic $9 billion in 2009 Share

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 at the World Travel Market Vision conference...

Europe Hoteliers Expect Chain Bankruptcies

A survey of 261 European hotel executives has revealed a worse-than-expected outlook Share

Global hotel prices drop 12 per cent

The average price of a hotel room around the world fell by 12 percent last year Share

Airlines to face $4.7 billion losses

The global airlines industry is expected to lose $4.7 billion in 2009 as the global financial Share

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 Share

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? Share

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. Share

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. Share