travel industry

$15 America-Europe Flights Grounded

Ryanair has retracted its statement about offering flights to Europe for as little as $15. The reason for the change of heart why is anybody's guess.

Hertz Moves Headquarters to Florida

Hertz is moving its headquarters to Florida from New Jersey, trimming corporate expenses after its $2.3 billion buyout of former rival Dollar Thrifty.

Cruise Industry Hits a Patch of Rough Water

Market leader Carnival issued disappointing guidance during last week's quarterly report. Rival Royal Caribbean is running into obstacles in financing its next mega-ship. Norwegian Cruise Line wasn't in the news, but NCL hasn't been able to complete its IPO since calling it off last year.

A Growing Role for Tourism in Sustainable Development

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.