ADDIS ABABA, Oct 4- Ethiopia aims to triple its number of foreign visitors to more than 2.5 million by 2020, making tourism a pillar of one of Africa's fastest-growing economies. Though lacking the palm-fringed beaches and safari trails of neighbouring Kenya and Tanzania, the Horn of Africa country boasts magnificent terrain and a fascinating imperial past.» Read More
Thailand's PM said authorities were looking for a "suspect" seen on CCTV after the bombing that killed 22 people.
Shock waves rippled through Bangkok as the Thai city surveyed the aftermath of a deadly pipe-bomb explosion at a well-known shrine.
Kasem Prunratanamala, head of Thailand Research from CIMB, says the bomb explosion which occurred in one of Bangkok's most renowned shrines on Monday is the "worst attack" on the country in 40 years.
Clement Kwok, CEO of Hong Kong & Shanghai Hotels (HSH), outlines the factors that contributed to the 10 percent decline in the hotelier's first-half underlying profits.
Asian travel hotspots may be counting on an ever-growing horde of Chinese tourists for growth, but the weaker yuan may choke off the flow of travelers.
An Indonesian domestic passenger aircraft carrying 54 people lost contact with air traffic control, and was found crashed, officials say.
A glitch that snarled U.S. air travel and cancelled hundreds of flights has been fixed, with normal operations resuming Saturday, the FAA said.
Big-spending Chinese tourists fear their wings will be clipped if Tuesday's shock yuan devaluation develops into a deeper dent in their spending power.
"I'd planned to go to Seoul this month with my friends and then Thailand alone in October. "So I think I won't go to Seoul for shopping, but just to Thailand for sightseeing." China devalued its currency by 2 percent after a run of poor economic data- a move some economists think could herald a longer-term slide in the exchange rate.
North Korea is looking to raise $39M to fund a new brewery in Wonsan, an eastern port city where leader Kim Jong Un has big development ambitions.
Hertz, which received more than two-thirds of its car rental revenue from airport services in 2014, has been affected by the strong dollar that made travel to the United States pricier for tourists. On an adjusted basis, Hertz earned 19 cents per share, meeting the average analyst estimate. Hertz reiterated its 2015 consolidated corporate EBITDA of $1.45...
TOKYO, Aug 10- Japan posted 12 straight monthly balance of payments gains in June, taking the half-year surplus to its highest in five years as overseas income and tourism receipts prospered. June's current account surplus was 558.6 billion yen Ministry of Finance data showed on Monday, compared with a median forecast for a 773.6 billion yen.
A New Jersey based company is set to take intrepid travelers to the waters of North Korea for a surfing camp.
Lo Ka Shui, chairman of Langham Hospitality Investments, discusses the company's introduction of a new upscale five-star global hotel brand called Cordis.
With the Botanic Gardens declared a UNESCO World Heritage Site, it may be time for Singapore to reinvent its tourism brand, experts told CNBC.
LONDON, Aug 4- German fashion house Hugo Boss said Chinese tourists flocking to Europe helped sales rise more than expected in the second quarter. Meanwhile, spending by Chinese customers in Europe has hit record levels, according to duty refund company Global Blue, helped by big shifts in exchange rates that have meant a luxury item might cost less than half the...
NAIROBI, Aug 4- Loss-making Kenya Airways, which has been hit by a slump in tourism in the African country, may require a $500- 600 million bailout, Kenya's finance minister said on Tuesday. The carrier, part-owned by Air France-KLM, has not made a profit in three years and sunk deeper into the red in the year through March with a pretax loss of 29.7 billion shillings.
Paul Bloxham, chief economist for Australia and New Zealand at HSBC, expects the Reserve Bank of Australia to keep interest rates steady following the recent fall in the Australian dollar.
Puerto Rico's tourism industry is chugging along briskly, with officials saying the fallout from the island's cash woes is contained.
Speaking to CNBC at the Rise Conference in Hong Kong, Melissa Yang, co-founder & CTO at Tujia, says China's housing market and stable economy will underpin the startup's future growth.