Travel demand fell significantly in the first half of 2009 and continued to decline in July and August. However the rate of decline slowed in the last two to three…
Read moreWith an expenditure of US$ 27.0 bn in 2008, Canada is ranked eight in the world in terms of spending on travel abroad (excluding transport) by the World Tourism Organization…
Read moreTourism has become one of the worlds fastest growing economic sectors in recent years. Governments around the world are increasingly recognising the power of tourism to boost their nations development…
Read moreAs we enter the second half of 2009, there is growing optimism at the emergence of so-called ‘green shoots’, but there is a risk that this optimism will prove premature….
Read moreWith an expenditure of US$80.0 bn in 2008 (+5.0% on 2007), the USA continues to be ranked second in the world (after Germany) by the World Tourism Organization, in terms…
Read moreBrazil, like the USA, is a country in which domestic travel dwarfs international travel. Nevertheless, it generated 5.2 mn outbound trips in 2007, involving spending of US$ 8.2 bn -…
Read moreIndia is one of the fastest-growing outbound travel markets in the world. International tourism departures from India have grown from 3.7 million in 1997 to 9.8 million in 2007 and…
Read moreAs we enter the second quarter of 2009, the first signs are becoming visible the the global economy’s rate of decline may be slowing. Yet significant headwinds to global growth…
Read moreThe Russian Federation is currently one of the world’s fastest growing outbound travel markets, and this growth seems set to continue. Russia is the ninth biggest outbound travel market in…
Read moreTourism demand is a complex phenomenon which can be affected by an incredible number of different exogenous factors economy, fuel prices, infrastructure, prices, natural disasters, the image of a destination,…
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