economy

Egypt's Tourism Revenue Plummets 41 percent

(DiveTravelBusinessNews.com - January 23, 2014) -- Cairo, Egypt -- Egypt's tourism revenue sank by 41 percent to $5.9 billion in 2013 compared to a year earlier, Tourism Minister Hisham Zaazou said on Tuesday, a further sign of pressure on one of Egypt's main sources of foreign currency.

The tourism sector in the Arab world's most populous nation has shrivelled since former president Hosni Mubarak was toppled by a popular uprising in 2011.

Malaysia: Sustainable Tourism Major Contributor To Economy

(Dive Travel Business News.com - January 22, 2014) -- Sustainable tourism development is no longer just a mere cliche, but has become a major contributor to a more environmentally sustainable economy, said Malaysian Tourism and Culture Minister Datuk Seri Mohamed Nazri Abdul Aziz.

He said that with the right investment, tourism can be a lead change agent in the move to a green economy by driving economic growth and job creation.

Travelocity Traveler Confidence Report 2012

(Dive Travel Business News - February 8, 2012) -- In spite of economic concerns, acording to Travelocity’s annual "Traveler Confidence Report," a majority of consumers (53 percent) plan to travel more in 2012 than they did in 2011. This data represents an 18 percent increase versus 2011. Of those who plan to travel more this year, about two-thirds plan to increase their travel budget in 2012, while one-third will travel more without spending more.

Premium Airline Travel Down According to IATA

(Dive Travel Business News - October 20, 2011) -- An unexpectedly strong third quarter for premium air travel fell sharply in August according to the International Air Transport Association. The level of premium passengers in August was just 2.3 percent higher than last year, compared to 7.5 percent in July. The drop in premium passenger travel, which represents primarly business travel, was larger than the fall in economy travel, which declined from 5.5 percent to 3.8 percent.

Maldives creates world's second shark sanctuary

(Dive Travel Business News - June 3, 2010) -- The Maldives’ nation continues to be a frontrunner in environmental activism with their latest announcement that offers complete protection for sharks in its  90,000 sq.kms (34,750 sq.miles) of Maldives territorial waters. The huge shark sanctuary will be free of all shark fishing and finning, protecting more than 30 different species that make their home in the region. The Maldives has further banned all imports and exports of shark fins and shark products.

American Express Card

(American Express - Sept 14, 2009) - A new survey from American Express  reports that 30 percent of U.S. consumers plan to adjust this year’s travel plans for Thanksgiving -- historically one of the busiest travel days of the year -- but only 21 percent expect those expenses to decrease compared to last year.

November 14, 2008 (Travelex.com) -- Although the recent setbacks in the world economy have impacted the travel industry, some reports show that Americans are still planning international travel. However, in this new economy controlling costs is a key trend for most travelers. Americans are planning the trip well in advance to shop for discounts and monitor currency fluctuations for the most favorable exchange rates.

November 14, 2008 (Travelguard.com) -- Travel Guard reports that despite economic uncertainties, segments of American consumers are still planning and booking travel -- in some cases for trips as far in advance as five months.

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