tourism

Virgin Group to Enter Hotel Industry

Virgin Group Ltd, founded by U.K. tycoon Richard Branson, plans enter the hotel industry. Virgin will spend as much as $500 million on high-end hotels aimed at "high income, well-educated, metropolitan 'creative class'" customers, Bloomberg News said. The company is scouting for locations in cities including New York, San Francisco and Miami.

A Tough First Day for Oil Spill Claims Czar Feinberg

Kenneth Feinberg, who was jointly selected to be the new oil spill claims czar by the White House and BP, spent his first official day on the job Monday taking heat over the guidelines he has established for claims against the fund BP set up for victims of the Gulf of Mexico disaster.

Gulf Coast Tourism Spots Ask BP for $55 Million Grant

A consortium of Gulf Coast tourist destinations has requested a $55 million grant from BP to fund a marketing campaign aimed at luring vacationers back. While the group hopes to entice tourists, it will also need to be honest about the spill's impact on their beaches.

Can Harry Potter Work Magic for Beleaguered Theme Parks?

he unveiling of the Wizarding World of Harry Potter, Universal Studios Orlando has officially raised the bar for vacation attractions in summer 2010. The bold move is only one of many strategies that theme parks are using to turn around an industry that has been brutalized by the recession.

Why Hosting World Cup Is a Losing Bet for South Africa

South Africa has some lofty expectations about the economic boost the World Cup will bring to its economy. Economists are skeptical that the soccer tournament will live up to those expectations and history shows that it most likely will not.

Violence Puts a Chill on Jamaica's Tourism Industry

In Jamaica, where tourism accounts for around 20% of GDP, the violence surrounding efforts to arrest gang kingpin Christopher "Dudus" Coke is having an impact well beyond his Kingston neighborhood. Tourists are staying away in droves -- even from resorts far from the unrest.

Super Bowl's Economic Impact May be Super Inflated

The Super Bowl is not so super to many economists. Experts in the economics of sports claim the NFL and its boosters have grossly overestimated the economic benefit of Sunday's championship game in Miami between the New Orleans Saints and the Indianapolis Colts.

Republic Airways CEO insults Milwaukee

Republic Airlines CEO, Bryan Bedford, has a bit of egg on his face after his disparaging remarks about Milwaukee at a recent analysts' meeting in New...

Tourist spending plunges in the US

International visits to the United States fell 12 percent in May 2009 from the year before. Those still flying over spent a lot less – only...