HAVANA— Cuba is a land of architectural splendors, stunning scenery, warm, welcoming people and some of the world's worst hotels. So when American hotel giant Starwood announced a deal to manage the Fifth Avenue Hotel run by the Cuban military in the upscale Miramar section of Havana, I was intrigued. With patron Venezuela collapsing, Cuba needs tourists' money. » Read More
Japan's visitor arrivals are rising sharply on the back of the Asian middle-class boom, says Rogers Investment Advisors CEO Ed Rogers.
Many businesses are reporting a hit from the Florida coast toxic algae, reports NBC News' Gabe Gutierrez.
Gasoline supply is outpacing demand right now, and prices could stay lower for longer, explains Gregg Laskoski, GasBuddy senior petroleum analyst.
The Tankan survey was taken prior to Brexit, so business sentiment could actually be far worse, says Natixis Japan Securities' Kohei Iwahara.
Turkey’s tourism sector will suffer further following this week’s tragic terror attack on Istanbul’s main international airport, analysts told CNBC.
CNBC's Seema Mody reports that travelers are taking advantage of drops in the pound following the Brexit referendum outcome.
BELGRADE, June 29- A multi-billion euro plan to turn a rundown area of Belgrade's riverfront into a glitzy business and tourism hub has turned into a political headache for the Serbian government. The scheme is a test of Belgrade's involvement with Gulf Arab investors, seen as a vital means of promoting growth in a country with high unemployment and low wages.
LONDON, June 29- Emerging stocks and currencies rose for the second straight day on Wednesday, clawing back more of the recent Brexit-fuelled losses, though shares linked to Turkish tourism fell sharply after a deadly attack at Istanbul's main airport. World stocks have rebounded slightly after huge losses on Friday and Monday due to Britain's vote to leave...
DUBAI, June 28- Saudi Arabia has begun talks with Six Flags Entertainment Corp to build theme parks, the company said on Tuesday, as part of the kingdom's efforts to expand its tourism sector and diversify the economy. Chief Executive John Duffey said in a television interview last week that Six Flags, which operates 18 parks in North America, wanted to open a park in...
NEW YORK/ SHANGHAI, June 28- U.S. and Chinese online travel sites have reported a jump in queries about UK holidays since Britain voted to leave the European Union last week, a sign that "Brexit" and the resulting dramatic drop in the pound could boost tourism. Britain's decision to pull out of the European Union leaves the world's fifth-largest economy facing deep...
SOUSSE, Tunisia, June 25- A year after 39 mostly British holidaymakers were gunned down on a beach in Sousse, Tunisia's tourist industry is still struggling to recover from the attack and an earlier Islamic State raid on a museum in Tunis. Tourism accounts for 8 percent of Tunisia's gross domestic product, provides thousands of jobs and is a key source of foreign...
Berenberg Bank's Holger Schmieding says the uncertainty as Britain enters a period of negotiations will impact business investment and its economy.
The experience will offer a permanent interactive exhibit in Times Square for football fans visiting New York.
While Brexit will hit the hotel industry hard it won't actually be a huge issue for the U.K. as a whole, says Aron Harilela from Harilela Hotels.
Britain's tourism industry, while resilient, will be hit by post-Brexit uncertainty and currency moves, says Continuum Attractions' Juliana Delaney.
HONG KONG/ SINGAPORE, June 22- McDonald's Corp has received more than half a dozen bids for its China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina, in an auction that could fetch up to $3 billion, people familiar with the matter said. Competitor Yum Brands is also restructuring its China operations by spinning it off...
HONG KONG/ SINGAPORE, June 22- McDonald's Corp has received more than half a dozen bids for its planned sale of China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina in a deal worth about $3 billion, people familiar with the matter told Reuters. Other bidders who were preparing to place first-round bids ahead of Monday's...
UKinbound CEO Deidre Well says the U.K. tourism industry could face some regulatory burdens with a Brexit vote, but will easily bounce back.
Wang Sicong, a Chinese billionaire's son, may be best known for buying Apple watches for his dog, but now he's opening a seven-star hotel in Shanghai.
Cruise ship operator Royal Caribbean docked the $1 billion Ovation of the Seas in Hong Kong Thursday in a bid to sail on the tourism trend.