DHAKA, Bangladesh— The cafes and restaurants are empty. The recent killings of two foreigners in Bangladesh— an Italian and a Japanese— has spooked tourists and expatriates in the impoverished South Asian nation, raising alarms about whether Islamic radicals are gaining a foothold and whether foreigners are safe in the moderate, secular nation.» Read More
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.
NAIROBI, July 30- Kenya Airways sunk deeper into the red in the year through March, sending its shares plummeting on Thursday, but CEO Mbuvi Ngunze said the tourism slump that sparked the losses may have bottomed out. The carrier, one of Africa's largest, said its pretax loss widened to 29.71 billion shillings for 2014/ 15, from 4.86 billion shillings a year earlier,...
Stuart Ayres, Minister for Trade, Tourism and Major Events for New South Wales, Australia, hopes that the Boao Forum for Asia Conference can reposition Australia as a key player in the Asian market.
BRUSSELS, July 29- European Union regulators are investigating prices charged by Disneyland Paris after complaints from foreign consumers who said they were charged far more than their French counterparts. The move by the European Commission is part of a broader crackdown on "geoblocking", the practice of companies limiting or restricting consumers' access...
South Korea declared it is effectively out of danger from MERS, more than two months after the first case was reported and after the death of 36 people.
July 27- Puerto Rico may sport palm trees, pristine beaches and glorious weather but its tourism industry is losing out to rival Caribbean islands- and that is holding the U.S. territory back at a time when its deeply troubled economy most needs a fillip. Rick Newman, who owns and operates the Verdanza Hotel in the popular beachside tourist strip of Isla Verde, says...
Panos Paleologos, founder and CEO of HotelBrain, claims that tourism has picked up since early July and luxury hotels in Athens have plenty of bookings.
Kobsidthi Silpachai, head of capital markets research at Kasikornbank, recommends investors to buy stocks that are benefiting from a weaker Thai baht.
The acquisition of Perisher, Australia's largest ski resort, by America's Vail Resorts earlier this year has been dubbed a gamechanger. CNBC's Matthew Taylor reports from Perisher Valley.
TOKYO, July 23- Japanese shares rose on Thursday, driven by domestic earnings optimism. Strong performances in retail, rail and hospitality sectors followed Wednesday's announcement that Japan had a record number of foreign visitors in the first half of the year. The Nikkei share average ended 0.4 percent higher at 20,683.95.
Where are people heading for their summer vacations? Data from Priceline show California is the most popular domestic destination.
ATHENS, July 20- To tourists wandering the narrow streets of central Athens, 20 cents on the price of souvlaki- a Greek favorite of grilled meat on a skewer- may not seem much. The VAT rise, demanded by Greece's lenders in return for a rescue deal, forced the restaurant where Giokas works to push up the price of souvlaki- wrapped in flatbread with salad and drizzled in...
James Tan, chief operating officer of Beijing-based startup Jetbay, discusses the potential of China's inbound tourism sector.
TORONTO/ OTTAWA, July 16- Canadians' overseas spending power has taken a hit, but the plunge in the Canadian dollar after the central bank cut interest rates on Wednesday to try to revive a sputtering economy is being cheered by a wide array of businesses. The tourism sector, along with export-oriented manufacturers and resource companies were among those...
LONDON, July 15- Falling sales in Burberry's Hong Kong market will not deter the British luxury brand from its commitment to one of its most profitable regions, it said on Wednesday. Pro-democracy protests in the city, which accounts for around 10 percent of Burberry's total retail and wholesale sales gathered pace last year, keeping mainland Chinese tourists...
Discussing tourism in Greece during the country's debt crisis, with Alexandros Lamnidis, Greek Tourism Confederation.
Ramin Rabii, Turquoise Partners, managing director, discusses what U.S. and Western industries are likely to be first into Iran and which sectors will perform best once the sanctions melt away.
Kenneth Gaw, President and Managing Principal of real estate private equity firm Gaw Capital Partners and YPO member, discusses the acquisition of InterContinental Hong Kong Hotel.