Tag #Tourism

Showing 673 to 684 of 1,501 results

forbes.com

🌐 85% Global Worthiness

May 1, 22:14

Hospitality Companies Cut Outlooks Amidst Softening Travel Demand

Major hospitality companies Hilton, Hyatt, and Wyndham have cut their full-year revenue projections due to softening consumer demand and a challenging economic climate; credit card data reveals a 9% year-over-year decline in U.S. hotel sales since early April, indicating a potential slowdown in trav...

Hospitality Companies Cut Outlooks Amidst Softening Travel Demand

Major hospitality companies Hilton, Hyatt, and Wyndham have cut their full-year revenue projections due to softening consumer demand and a challenging economic climate; credit card data reveals a 9% year-over-year decline in U.S. hotel sales since early April, indicating a potential slowdown in trav...

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Decent Work and Economic Growth

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How does the decline in consumer confidence specifically relate to the observed decrease in hotel sales, and what data supports this connection?

The decline in consumer confidence, reaching pandemic-era lows in April, is directly linked to reduced discretionary spending on travel. This is evidenced by a 9% year-over-year drop in U.S. hotel sales since early April, based on an analysis of over 110 million anonymized credit and debit card transactions. This trend mirrors similar warnings from major U.S. airlines regarding softening travel demand.

repubblica.it

🌐 85% Global Worthiness

Apr 30, 22:13

London Bids for 2040 Olympics, Citing Significant Economic Benefits

London Mayor Sadiq Khan announced a bid for the 2040 Olympic Games, citing the £230 million economic benefit of six major sporting events in 2023 and aiming to make London the first city to host the Olympics four times.

London Bids for 2040 Olympics, Citing Significant Economic Benefits

London Mayor Sadiq Khan announced a bid for the 2040 Olympic Games, citing the £230 million economic benefit of six major sporting events in 2023 and aiming to make London the first city to host the Olympics four times.

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Sustainable Cities and Communities

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How do the economic benefits of recent major sporting events in London support the city's Olympic bid?

London's bid leverages the substantial economic impact of major sporting events, as demonstrated by the £230 million generated in 2023. This success, coupled with ongoing efforts to attract other major sporting events like NBA games, underscores London's ambition to become a global sporting hub. The city's experience hosting past Olympics strengthens its bid.

themarker.com

🌐 85% Global Worthiness

Apr 30, 16:13

Portugal and Greece Real Estate: Diverging Growth Paths in 2024

Portugal and Greece's real estate markets experienced significant growth in 2024, driven by tourism and foreign investment; however, Portugal demonstrated more consistent growth, particularly in Lisbon and Porto, while Greece saw stronger growth in Athens and Thessaloniki due to urban migration; the...

Portugal and Greece Real Estate: Diverging Growth Paths in 2024

Portugal and Greece's real estate markets experienced significant growth in 2024, driven by tourism and foreign investment; however, Portugal demonstrated more consistent growth, particularly in Lisbon and Porto, while Greece saw stronger growth in Athens and Thessaloniki due to urban migration; the...

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What are the key differences in the growth trajectory and investment appeal of Portugal and Greece's real estate markets in 2024?

Portugal and Greece's real estate markets have seen significant growth since the 2008 financial crisis, driven by foreign investment and tourism. However, Portugal shows more consistent growth, particularly in Lisbon and Porto, with median prices reaching €2,827 per square meter in December 2024, a 10.4% increase year-on-year. Luxury segments in prime areas of Lisbon and Porto command significantly higher prices, ranging from €10,000 to €15,000 per square meter.

kathimerini.gr

🌐 65% Global Worthiness

Apr 30, 22:13

Neglected Greek Railway Stations: A National Disgrace

The dilapidated condition of Greek railway stations, including Athens' Larissa station, is a source of national shame, negatively impacting tourism and reflecting a broader lack of infrastructure investment compared to European standards.

Neglected Greek Railway Stations: A National Disgrace

The dilapidated condition of Greek railway stations, including Athens' Larissa station, is a source of national shame, negatively impacting tourism and reflecting a broader lack of infrastructure investment compared to European standards.

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Sustainable Cities and Communities

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What are the immediate consequences of Greece's neglected railway station infrastructure on its citizens and international image?

Greek railway stations, including those in Athens and Larissa, are substandard compared to international standards, causing national embarrassment and impacting tourism. This situation, despite affecting citizens and visitors, seems to be a low priority for the political leadership.

theglobeandmail.com

🌐 90% Global Worthiness

Apr 29, 16:13

Kashmir Resort Closures Amidst India-Pakistan Tensions After Tourist Massacre

In response to a deadly attack on tourists in Indian-administered Kashmir that killed 26 people, authorities temporarily closed 48 of 87 government-authorized resorts, amidst escalating tensions between India and Pakistan, triggering diplomatic measures, border closures, and cross-border firing, imp...

Kashmir Resort Closures Amidst India-Pakistan Tensions After Tourist Massacre

In response to a deadly attack on tourists in Indian-administered Kashmir that killed 26 people, authorities temporarily closed 48 of 87 government-authorized resorts, amidst escalating tensions between India and Pakistan, triggering diplomatic measures, border closures, and cross-border firing, imp...

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of the terrorist attack on tourism in Kashmir and the India-Pakistan relationship?

Following a deadly attack on tourists in Indian-administered Kashmir that killed 26, authorities closed 48 of 87 government-authorized resorts as a safety precaution. This action comes amidst escalating tensions between India and Pakistan, involving diplomatic measures and border closures. The impact includes a significant disruption to tourism, with widespread cancellations and departures reported.

forbes.com

🌐 85% Global Worthiness

Apr 29, 19:18

Canadian Tourism to U.S. Plummets Amidst Political Tensions

Political tensions caused by President Trump's threats, coupled with negative media coverage of U.S. immigration, caused a 60% decrease in Canadian adults planning to travel to the U.S. in 2025; this decline, along with others, resulted in a 14% decrease in international visitors to the U.S. in Marc...

Canadian Tourism to U.S. Plummets Amidst Political Tensions

Political tensions caused by President Trump's threats, coupled with negative media coverage of U.S. immigration, caused a 60% decrease in Canadian adults planning to travel to the U.S. in 2025; this decline, along with others, resulted in a 14% decrease in international visitors to the U.S. in Marc...

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What is the primary cause for the significant decrease in Canadian tourism to the United States, and what are its immediate economic consequences?

Sixty percent of Canadian adults are unlikely to visit the U.S. in 2025, with over one-third canceling trips. This is largely due to political tensions stemming from President Trump's threats to make Canada the "51st state". The decrease in Canadian tourism is impacting the U.S. economy.

theguardian.com

🌐 75% Global Worthiness

May 1, 16:13

Whitbread Profit Falls Despite Share Buyback Plan

Whitbread, owner of Premier Inn, saw a 14% fall in adjusted pre-tax profit to £483m for the year to 27 February due to higher costs and weaker UK bookings, but announced a £2bn share buyback plan.

Whitbread Profit Falls Despite Share Buyback Plan

Whitbread, owner of Premier Inn, saw a 14% fall in adjusted pre-tax profit to £483m for the year to 27 February due to higher costs and weaker UK bookings, but announced a £2bn share buyback plan.

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How is Whitbread addressing rising costs and declining UK demand, and what are the potential risks?

The decline in UK bookings, particularly in London, impacted Whitbread's profits. This was partially offset by stronger growth in Germany, where a higher proportion of bookings are linked to events. The company is outperforming the wider UK market and plans to open more hotels despite economic uncertainty.

forbes.com

🌐 85% Global Worthiness

Apr 30, 19:21

DeSantis's $6.5 Billion Everglades Restoration Boosts Florida's Economy

Florida Governor Ron DeSantis has secured over $6.5 billion for Everglades restoration, addressing environmental concerns and boosting Florida's tourism-driven $128 billion economy.

DeSantis's $6.5 Billion Everglades Restoration Boosts Florida's Economy

Florida Governor Ron DeSantis has secured over $6.5 billion for Everglades restoration, addressing environmental concerns and boosting Florida's tourism-driven $128 billion economy.

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Life on Land

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How has DeSantis's commitment to conservation impacted his political standing and future prospects?

DeSantis's Everglades restoration efforts, exceeding $6.5 billion, have significantly improved Florida's environment and economy. The initiative addresses environmental problems impacting tourism, a major economic driver generating $128 billion and 2.1 million jobs in 2024. His actions reflect a pragmatic conservation approach, balancing economic and environmental needs.

forbes.com

🌐 75% Global Worthiness

Apr 30, 19:21

Philippines Launches Digital Nomad Visa to Boost Economy

The Philippines launched a digital nomad visa program, allowing remote workers worldwide to stay longer and spend more, mirroring a global trend of countries attracting digital nomads to boost their economies. The program leverages the country's English proficiency, low cost of living, and high inte...

Philippines Launches Digital Nomad Visa to Boost Economy

The Philippines launched a digital nomad visa program, allowing remote workers worldwide to stay longer and spend more, mirroring a global trend of countries attracting digital nomads to boost their economies. The program leverages the country's English proficiency, low cost of living, and high inte...

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How does the Philippines' digital nomad visa compare to similar programs worldwide in terms of requirements and benefits?

Many countries utilize digital nomad visas to attract foreign workers and stimulate their economies. The Philippines' program leverages its English proficiency, low cost of living, and high internet penetration to compete globally. The UN Tourism report highlights a growing trend of countries offering tax exemptions and simplified application processes for these visas.

nos.nl

🌐 65% Global Worthiness

Apr 30, 04:15

Camino de Santiago Pilgrimage Sees Record Numbers, Raising Concerns

The number of people completing the Camino de Santiago pilgrimage and receiving a Compostela certificate nearly doubled from 223,882 in 2014 to almost 500,000 in 2024, driven partly by a bestselling book and diverse motivations beyond religious faith, leading to concerns about overcrowding.

Camino de Santiago Pilgrimage Sees Record Numbers, Raising Concerns

The number of people completing the Camino de Santiago pilgrimage and receiving a Compostela certificate nearly doubled from 223,882 in 2014 to almost 500,000 in 2024, driven partly by a bestselling book and diverse motivations beyond religious faith, leading to concerns about overcrowding.

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What is the significance of the dramatic increase in Camino de Santiago pilgrims, and what are the immediate consequences?

The number of people obtaining the Compostela certificate for completing the Camino de Santiago pilgrimage surged to nearly 500,000 in 2024, a significant increase from 223,882 in 2014. This rise in popularity is attributed partly to Anya Niewierra's bestselling book, "The Camino," published in 2022. However, the actual number of pilgrims is likely much higher, as many walk only portions of the route or don't collect the certificate.

jpost.com

🌐 90% Global Worthiness

Apr 29, 10:19

Kashmir Closes Tourist Sites After Deadly Attack

Over half of Kashmir's tourist destinations are closed after a terrorist attack killed 26 Hindu tourists, prompting India to increase security and impacting the region's tourism sector.

Kashmir Closes Tourist Sites After Deadly Attack

Over half of Kashmir's tourist destinations are closed after a terrorist attack killed 26 Hindu tourists, prompting India to increase security and impacting the region's tourism sector.

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Peace, Justice, and Strong Institutions

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What is the immediate impact of the recent terrorist attack in Kashmir on the region's tourism industry?

Following a deadly attack on tourists in Kashmir, India closed over half of the region's tourist destinations. The attack, which killed 26 people, targeted Hindus and was attributed by India to Pakistani terrorists. This closure significantly impacts Kashmir's tourism sector, especially at the start of the busy summer season.

china.org.cn

🌐 85% Global Worthiness

Apr 29, 10:19

China Eases Tax Refunds to Boost Inbound Tourism

China's new measures to optimize its departure tax refund policy include lowering the minimum purchase threshold to 200 yuan, raising the cash refund cap to 20,000 yuan, and expanding participating stores, aiming to boost inbound spending and enhance the tourist experience.

China Eases Tax Refunds to Boost Inbound Tourism

China's new measures to optimize its departure tax refund policy include lowering the minimum purchase threshold to 200 yuan, raising the cash refund cap to 20,000 yuan, and expanding participating stores, aiming to boost inbound spending and enhance the tourist experience.

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What are the immediate impacts of China's revised departure tax refund policy on inbound tourism and spending?

China recently lowered the minimum purchase threshold for departure tax refunds from 500 to 200 yuan, expanded the network of participating stores, and raised the cash refund ceiling to 20,000 yuan. This significantly boosts the appeal of shopping for overseas tourists like Stephanie from Australia, who praised the policy's ease of use. These changes aim to stimulate inbound spending and improve the tourism experience.

Showing 673 to 684 of 1,501 results