Recession News

American Airlines teams up with the next iron chef

American Airlines teams up with the next iron chef

5th Oct 2009 Focus

As recession conditions linger, the travel industry continues to seek out ways to reach, and excite, its audience into parting with discretionary dollars. American Airlines thinks food could be that special ingredient.

Health-Related Tourism Catching On

24th Sep 2009 Press Release Tourism News

In these economically challenging times, many experts say it is vital to invest in preventative healthcare. Better overall health means lower medical bills.

Global visas announce 123% increase in British workers emigrating to Australia

Global visas announce 123% increase in British workers emigrating to Australia

18th Sep 2009 Press Release Tourism News

Thanks to the recession here in the UK (along with the weather) many people are packing their briefcases and leaving the country for a life down under. Global Visas, who provide immigration and visa advice for professionals, have seen a 123% increase in the number of British customers seeking to acquire an Australian work visa in the past year.

Travel Stocks Takeoff on Wall Street

Travel Stocks Takeoff on Wall Street

17th Sep 2009 Focus

The great subprime recession is over. Federal Reserve Chief Bernanke says so. Wall Street says so. Airlines are gearing up for a massive recovery. Hotel stocks are getting buy ratings from analysts. Vegas is back. Travel stocks across the board are zooming into the stratosphere, and we’re now in the initial stages of a sustained recovery.

Alaskan cruises in deep water

Alaskan cruises in deep water

7th Aug 2009 Press Release Cruise News

As the worldwide recession hits every type of travel industry like airlines, car rentals and hotel occupancy, cruises in Alaskan waters are also taking a downturn. However with the cruise ship business it makes up a considerable amount of the tourism revenue for the state.

UK hotels sees light at end of recession tunnel

5th Jun 2009 Press Release Hotel News

UK hotels are starting to see the light of the long dark tunnel, according to new research from business advisory specialist, Deloitte.Whilst revenue per available room (revPAR) remains negative, the pace of decline is reducing and some markets are showing gains on 2008 numbers with strong leisure demand driving up weekend occupancies and revenues, say the new figures. There is also a trend of improving performance in the weekday corporate business market in London.

The Business of Flying

7th May 2009 Press Release Airline News

The current difficult economic context has led to a dramatic decrease in air traffic. This has been particularly strong for European Business Aviation traffic which is down 20% compared to a year ago.