Travel Tourism

  • At the moment, the price is right in Britain, where the decision to leave the European Union has led to a sharp drop in the pound. Amy Chang, a 30- year-old from China, snagged a Burberry trench coat this week while visiting London for her sister's graduation. "But now, coming to Britain, it's actually much cheaper than in China, so I finally bought it."

  • *Says investors still have confidence in Thailand. BANGKOK, Oct 21- Thailand's economy is recovering gradually but is stronger than that of many countries, the central bank governor said on Friday, amid concerns that a year of mourning for revered King Bhumibol Adulaydej could affect tourism and consumption. Tourism accounts for about 10 percent of Thailand's...

  • Pricing pressure in the hotel industry

    André Juillard, senior equity research analyst at Kepler Cheuvreux, takes a look at the current performance in the hotels market, with specific comment on Intercontinental and AccorHotels.

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    Four out of five Asian travelers now say travel is a necessity, not a luxury, according to Sabre.

  • Vendors selling black t-shirts to grieve Thailand's late King Bhumibol Adulyadej.

    Media, property and alcohol industries may feel the biggest pinch from a 30-day ban on "joyful events" after the death of its ninth monarch.

  • MILAN, Oct 20- The personal luxury goods market won't grow this year because tourist spending is slowing down and wealthy consumers prefer to spend on design, travel and gourmet food rather than clothes and accessories, Bain& Company said on Thursday. "There is a progressive shift from physical products to experiences, especially in the last year," Federica Levato,...

  • Here's the four types of Asian travelers spending money

    Asian travelers are either explorers, followers, connectors or opportunists, according to Sabre's report on the world's largest travel market.

  • TOKYO, Oct 19- Spending by tourists visiting Japan fell in the third quarter for the first time in almost five years, government data showed on Wednesday, a sign that the economic benefits of a tourism boom are starting to fade. Tourists have been visiting Japan in record numbers after Prime Minister Shinzo Abe's administration relaxed visa requirements for...

  • Mövenpick has big plans in the Asian hospitality space

    Holger Jakobs, VP at Mövenpick, talks about the hospitality brand's Asian expansion and the surge in Chinese travelers.

  • Mobile is central to KAYAK's strategy

    Steve Hafner, CEO of Kayak, talks about how mobile provides the fare aggregator with greater amounts of data, as well as the company's AI push.

  • Accor's new brand is by millennials, not just for millennials

    Accor's JO&JOE brand was designed around millennials to tap into changing consumer preferences, says Michael Issenberg, chairman & CEO at AccorHotels Asia.

  • Chinese start-up scene 'a game of giants': VC

    Small start-ups either have to possess a specific niche or have global scale to compete in China, says Fritz Demopoulos, CEO at Queen's Road Capital.

  • Chinese travel is 'exploding': FastBooking

    FastBooking's Guillaume de Marcillac talks about how the digital space gives hoteliers the opportunity to reinvent themselves for Asia's booming middle class.

  • Tourism in Asean is growing but there's a drawback

    Lack of spending on tourism infrastructure will prevent Asean economies from keeping up with growth forecasts, says World Travel & Tourism Council's David Scowsill.

  • HAVANA, Oct 17- Havana's city government has temporarily suspended issuing licenses for new private restaurants in the city and warned existing ones to obey tough regulations, according to several owners of the businesses popular with foreign tourists. The tougher line could put a crimp in Havana's food offering during the upcoming tourism season when both...

  • BANGKOK— Concerts and colossal beach parties in Thailand have been canceled. The death Thursday of Thailand's revered King Bhumibol Adulyadej has plunged this Southeast Asian nation into an unprecedented period of mourning, and it is likely to stay that way for some time. While the military government has issued no specific guidance to anxious foreigners,...

  • The policy, six months in the making, was formed with input from tourism, animal welfare and conservation groups including the Association of Zoos and Aquariums, but many of the millions of travelers who post reviews to the company's website have been concerned about animal welfare for years, company spokesman Brian Hoyt said. But the president of the Alliance...

  • *Minister on cabinet sub-committee on Kenya Airways. NAIROBI, Oct 12- Restructuring loss-making carrier Kenya Airways will take a month, the government said on Wednesday, appealing to pilots to withdraw a strike notice and join discussions. Visitor numbers and earnings have sagged, after peaking in 2011, hurt by security worries stoked by Somali Islamist...

  • ATLANTIC CITY, N.J.— A report finds fewer people are parking at Atlantic City casinos, but more are staying at hotels in and around the city. Stockton University's Levenson Institute of Gaming, Hospitality and Tourism on Tuesday released its latest report on Atlantic City tourism. But during the same period, there was an increase in revenue from the hotel...

  • LONDON, Oct 11- When the pound plunged this month on new worries about Brexit, New Yorkers Derek Hotter and Ian Clark hopped on a plane for an impromptu holiday in Britain. Record numbers of dollar-, yuan- and euro-rich tourists eager to snatch a bargain could be a silver lining after the sharp decline in sterling since Britain voted to leave the European Union on June...