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The United Nations World Tourism Organization recently revealed, that international tourism fell by eight per cent in the first quarter of 2009.
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The global aviation industry is heading for a gigantic $9 billion in 2009
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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...
A survey of 261 European hotel executives has revealed a worse-than-expected outlook
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The average price of a hotel room around the world fell by 12 percent last year
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The global airlines industry is expected to lose $4.7 billion in 2009 as the global financial
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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
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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?
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Recent reports by leading hotel industry analysts are showing dramatic reduction in hotel occupancy rate and average daily rate.
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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.
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