In a somewhat surprising report, The U.N. Environment Programme says one of the most promising green industries -- at least when it comes to creating economic growth, reducing poverty, fueling job creation and addressing major environmental challenges -- turns out to be tourism.
More visitors made their way to Sin City last year compared to 2009, helping to boost room rates at Las Vegas hotels -- even though hotel occupancy actually fell.
There's no doubt about the Super Bowl's importance in sports, but will it really be a touchdown for Dallas's economy? While one study pegs the economic impact at $611 million, the number seems dubious -- especially considering it's still unclear who will be playing.
Nearly 60 million foreigners visited the U.S. in 2010. Where did they go? The most popular destinations included New York, Orlando, Las Vegas, San Francisco, Los Angeles and Chicago. The Big Apple is particularly appealing, drawing a record 48.7 million big-spending foreign travelers.
Hospitality analysts say this season's year-end celebrations are more numerous and a bit more lavish than the past several years. Champagne is replacing sparkling wine, and better food is getting served. Signs, they say, of an economy on the mend.
As travel picks up, Marriott International posted a third-quarter profit of $83 million, up from a loss of $466 million in the year-ago quarter. But shares are down after the company forecast that fourth-quarter earnings might be less than analysts expect.
Some CEOs look as though they've never done a day of manual labor in their lives, and Stephen Joyce, the head of Choice Hotels International is one of them. His week in the spotlight of Undercover Boss left him sweaty and distressed, and -- as usual -- in touch with soul of his company.
