Economic Downturn News
Shrinking pound fuels demand for all-inclusive holidays
Tailor-made tour operator and retailer, Travelmood, has launched its first All Inclusive brochure in anticipation of a growth in demand for this budget-friendly style of holiday.
Euro Not Out Of The Woods’ City Expert Warns
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.
A Groups and Meetings Industry in Transition
The groups and meetings market has been deeply affected by the economic downturn.
The Middle East business jets market has its cash registers ringing
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.
Turkish Tourism defies economic downturn
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.
Japanese Travel Market Struggles to Keep Pace
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.