Global hotel prices drop 12 per cent

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

Spain’s hotel industry suffers decline

Spain’s second most important industry, the tourism industry suffered a 12 per cent 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