Travel Tourism

  • The Monetary Authority of Macau said on Friday it would clarify its policy after a report it would limit certain ATM withdrawals sent casino shares tumbling.

  • Demand for travel to Cuba may be flattening, with soaring hotel prices on the island, American Airlines cutting some flights, and uncertainty over whether new travel restrictions could be imposed when Donald Trump takes office. Gregory Geronemus, co-CEO of smarTours, a tour company that's taken 3,000 Americans to Cuba, confirms there has been a softening in...

  • Shares of Genting Singapore extended a more than month long rally as Japan took another step toward legalizing casinos.

  • Japan's casino dreams soon to be real?

    Kotaro Tamura at the Milken Institute talks about how Japan's new integrated casino resorts will help to revitalize the economy.

  • LONDON, Dec 6- British tourism company Thomas Cook said it would pay 55.8 million pounds to take full control of a jointly owned network of 764 travel shops in Britain which it had run with partner The Co-operative Group. Thomas Cook said on Tuesday that the deal for it to buy minority stakes in the network came about after the Co-Op announced plans to exit the joint...

  • LONDON, Dec 6- British tourism company Thomas Cook said it would pay 55.8 million pounds to take full control of a jointly owned network of 764 travel shops in Britain which it had run with partner The Co-operative Group. Thomas Cook said on Tuesday that the deal for it to buy minority stakes in the network came about after the Central England Co-Operative...

  • DAR ES SALAAM, Dec 5- Tanzania plans to revamp its cash-strapped national carrier by buying new planes as part of plans to boost tourism and transport sectors, Tanzanian President John Magufuli said on Monday. Home to the famous Serengeti National Park and Africa's highest mountain Kilimanjaro, Tanzania relies heavily on revenues from tourism- its biggest...

  • AMSTERDAM, Dec 1- AirBnB and the city of Amsterdam said on Thursday they have struck a deal capping the number of days residents may offer their apartments on the service to 60 per year. Many residents of the Dutch capital complain tourists wandering side streets with rolling suitcases and noisy groups who come to Amsterdam to party are making the centre...

  • *Revenue gains indicate Macau turning a corner after slump. HONG KONG, Dec 1- The world's biggest casino hub of Macau posted a 14.4 percent rise in gambling revenue in November, a fourth month of growth after more than two years of decline, as new resorts helped bring in more casual gamblers to the southern Chinese territory. Visitors and overnight tourists to Macau...

  • Tuniu is tapping into Chinese demand for outbound travel

    Conor Yang, CFO at Chinese online travel platform Tuniu, talks about the company's quarterly earnings.

  • TUNIS, Nov 30- Tunisia is seeking to firm up actual investment deals to go along with a series of pledges of financial support it has received at an international conference being held this week to energise it's fragile economy. Qatar's Mejda Group signed a deal to develop a $220 million tourism complex, including a luxury hotel and a shopping centre, just outside...

  • Cuba's Communist government eased restrictions on small businesses six years ago and restaurants- called paladares, or "palates"- have since boomed, helped by a surge of tourist dollars since a detente agreed in late 2014 with the United States. The economic reforms were ordered by President Raul Castro, who took over as Cuba's leader when his older brother Fidel...

  • Governments need to consider the value of disruptive businesses and the impact on the economy, says Homeaway President John Kim.

  • BEIJING, Nov 28- China's trade deficit in services narrowed to $20.9 billion in October from $23.3 billion in September, the foreign exchange regulator said on Monday. October's deficit was largely due to a $20.2 billion gulf between foreign tourists and the Chinese, who splurge more abroad than foreign travelers in China, data from the State Administration of...

  • MADRID, Nov 24- Barcelona fined homesharing websites Airbnb and Homeaway 600,000 euros each for advertising and renting out apartments to tourists without a license, the Catalan regional government said on Thursday. The fine was leveled by left-wing Barcelona mayor Ada Colau in a crackdown on unregulated tourism in the city where home rental sites have...

  • Sa Sa is looking to target rent costs

    Lower rental costs are in focus for Hong Kong retailer Sa Sa International Holdings, says Guy Look, CFO.

  • Hong Kong Disneyland is a tourism play: Strategist

    Disneyland's $1.4 billion upgrade in Hong Kong is a tourism booster, says Jonathan Galaviz at Global Market Advisors.

  • The Hong Kong resort also faces competition from other theme park operators fighting for mainland Chinese visitors, including Dalian Wanda, which plans to spend billions of dollars to launch at least 20 tourism parks in China. The Hong Kong resort will add Frozen and Marvel themed areas-- attractions that it hopes can help differentiate it from other parks...

  • How the UAE is capitalizing on Brexit

    Ras Al Khaimah Tourism Development Authority CEO, Haitham Mattar, talks about how the United Arab Emirates will fare in terms of tourism, following the U.S. Election and Brexit.

  • Ras Al Khaimah sees 28% rise in UK tourists

    Ras Al Khaimah Tourism Development Authority CEO, Haitham Mattar, explains why tourists may pick Ras Al Khaimah over other popular UAE destinations like Dubai.