Travel Tourism

  • WASHINGTON, April 23- The International Monetary Fund said on Tuesday that initial financial market pressures on Sri Lanka appear contained following "horrific" Easter Sunday bomb attacks but decisive policy and security actions are needed to shore up the island's all-important tourism sector. Sri Lanka's $4.4 billion tourism sector is the country's...

  • HONG KONG/ SINGAPORE, April 23- Sri Lanka faces a likely collapse in tourism following Easter Sunday bomb attacks on churches and hotels, which would deal a severe blow to the island's economy and financial markets, and potentially force it to seek further IMF assistance. The International Monetary Fund extended last month a $1.5 billion loan for an extra year...

  • A woman looks at holidays for sale in a Thomas Cook travel agent window in Bristol, England.

    Thomas Cook had put its airline business up for sale and closed stores this year, following a heat-wave in northern Europe last summer.

  • Sri Lanka attacks will delay 'everybody's plans': Banyan Tree

    Ho Kwon Ping of Banyan Tree discusses the impact of the bombings in Sri Lanka on his business. He says tourism is very susceptible to event risks.

  • Officials inspect the damaged St. Sebastian's Church after multiple explosions targeting churches and hotels across Sri Lanka on April 21, 2019 in Negombo, north of Colombo, Sri Lanka.

    China on Tuesday issued an advisory cautioning its citizens not to travel to Sri Lanka in the near term after a series of explosions there on Easter Sunday.

  • LAWSUITS AGAINST FOREIGN FIRMS DOING BUSINESS IN CUBA, THAT IT DID NOT OWN ASSETS THAT COULD BE SUBJECT TO POTENTIAL CLAIMS AFTER THEIR EXPROPRIATION IN THE 1960 S. *IF ANY CLAIM WERE MADE AGAINST ANY HOTEL, THE COMPANY'S ROLE WOULD BE THAT OF HOTEL MANAGERS, EQUIVALENT TO TRAVEL AGENTS, TOUR OPERATORS, AIRLINES, LINKED TO TOURIST BUSINESS IN CUBA.

  • Fortress walls of old town Dubrovnik

    From Iceland to Morocco, here are "Game of Thrones" destinations that are popular with tourists whether or not they've ever watched the hit show.

  • COLORADO SPRINGS, Colo., April 12- Virgin Galactic's goal to fly tourists into space as early as this summer is about 12 years later than initially promised by its founder, British billionaire Sir Richard Branson. Its more than just a trip to space, its a huge, ongoing event, said Icelandic ticket holder Gislason, who has a Virgin Galactic logo tattooed on his arm and...

  • The kidnappers demanded a ransom of $500,000 for her release.

  • LISBON, April 5- As major cities struggle to tackle the challenges of mass tourism, mayors from around the world gathered in Lisbon and adopted a first of its kind declaration to ensure the growing sector is beneficial for both visitors and locals alike. Mayors and vice mayors from 16 cities including Lisbon, Barcelona, Paris, Sao Paulo and Seoul pledged on Friday...

  • Brunei's Sultan Hassanal Bolkiah (C) attends an event in Bandar Seri Begawan on April 3, 2019. - Brunei's sultan called for Islamic teachings in the country to be strengthened as strict new sharia punishments, including death by stoning for gay sex and adultery, were due to come into force on April 3.

    The United Nations has condemned the new measures with the Commissioner for Human Rights Michelle Bachelet calling them cruel and inhuman punishments that seriously breach international human rights law.

  • March 29- Tour operator TUI warned its profit would fall by at least 200 million euros this year after the grounding of Boeing's 737 MAX aircraft, further evidence of the financial impact of two fatal crashes involving the same type of plane. March 29: TUI expects underlying earnings before interest, tax and amortisation to fall by 17 percent, having previously...

  • FRANKFURT/ WASHINGTON, March 29- Anglo-German tour operator TUI became the latest Boeing 737 MAX operator to warn of a hit to its profits as the U.S. planemaker moved to restore confidence in its best-selling model after two fatal crashes that have grounded the planes worldwide. Investigators looking into the March 10 Ethiopian Airlines crash have reached a...

  • *FTSE 100 up 0.5 pct. *FTSE 250 up 0.2 pct. March 29- Britain's FTSE 100 thrived as hopes of progress in the latest round of Sino-U.S. trade talks ignited optimism, while tour operator TUI tumbled after a profit warning and AstraZeneca weakened after a $6.9 billion cancer drug tie-up.

  • *FTSE 100 up 0.6 pct. March 29- Britain's FTSE 100 thrived as hopes of progress in the latest round of Sino-U.S. trade talks ignited optimism, while tour operator TUI tumbled after a profit warning and AstraZeneca weakened after a $6.9 billion cancer drug tie-up. The FTSE 100 gained 0.6 percent and the FTSE 250 added 0.5 percent by 0836 GMT.

  • FRANKFURT, March 29- Tour operator Tui AG on Friday warned it would take a 200 million euro profit hit in 2019 due to the grounding of Boeing's 737 MAX aircrafts in the wake of two deadly crashes of the model.

  • *35,000 jobs expected, $32 billion GDP contribution. RIYADH, March 20- Saudi Arabia is targeting up to $20 billion of investments through 2035 for a planned landmark tourism destination and will hold a global investor roadshow before the end of the year, the head of the project told Reuters. Amr Madani, chief executive of the Royal Commission for al-Ula, said in an...

  • A view of Riyadh, Saudi Arabia.

    Saudi Arabia will be pumping $23 billion into a massive beautification project for its capital Riyadh, its government has announced.

  • *Large U.N. offices in both Addis Ababa and Nairobi. Sunday's crash, minutes after take-off from Addis Ababa for a flight to Nairobi, inflicted a particularly heavy toll on the United Nations, which has large offices in both cities. The Addis Ababa- Nairobi route is also popular with tourists and business people, who are drawn to East Africa's popular safari parks...

  • DUBAI, March 3- Saudi Arabia's cabinet has approved electronic visas for foreign visitors to attend sporting events and concerts, local media reported, as the world's top oil exporter tries to diversify its economy and open up its society. Economic reforms pushed by Crown Prince Mohammed bin Salman aim to lift total tourism spending in the kingdom- by local...