A city expert has warned that the euro is “not out of the woods” after European leaders and the International Monetary Fund promised to contribute over €30bn of loans to ease Greece’s debts.
The groups and meetings market has been deeply affected by the economic downturn.
Despite the global economic slowdown that adversely affected the commercial aviation industry worldwide, the Middle East has been one of the few markets to register growth. The air taxi business is expected to be a major driver for this market.
Turkey’s tourism industry has seen remarkable growth over the past few years, proof of the country’s continued popularity as a travel destination in defiance of the global economic crisis.
The Asia Pacific travel industry has not completely escaped the ravages of the global recession. PhoCusWright’s Asia Pacific Online Travel Overview Third Edition highlights some markets that have performed quite well in 2009 and others that have suffered.