Tag: Economy

Greece Tourism helps to boost the economy since financial crisis

Tourism in Greece has directly generated 125 billion Euros to the economy, while 230 million people have travelled to the country since the start of the financial crisis in Greece informed the President of the Greek Tourism Confederation (STE), Yannis Retsos. Speaking during the closed session of the confederation’s 27th General Assembly in Athens recently, […]

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‘Central Bangkok’ area expects to boost tourism and economy

Bangkok Metropolitan Administration, Tourism Authority of Thailand has joined forces with the private sector to announce the Central Bangkok area, the premium centre of economy and tourism in the heart of the Capital of Thailand. The zone covers Ploenchit, Ratchadamri, Wireless and Rama IV roads. It will be a centre for all, responding to all […]

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Greece’s tourism industry to surge as economy bounces back

Tourism Minister Olga Kefalogianni announced that Greece’s economy is witnessing a striking growth and keeping in mind its successful return to bond markets, 2014 seems to be a very positive year for tourism. “We have left the big difficulties behind us. The trend is now turning and we’ll see the Greek economy start recovering this […]

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Curacao tourism sector contributes $35.2 million to the local economy

The Curacao Tourism Board (CTB) and MEO calculated using the ‘Turistika Model’ that the tourism sector generated $35.2 million U.S dollars into the local economy in January 2014. European stay over visitors contributed a total $18 million, which is about 51% of the total, in January. They were followed by the South Americans who spent […]

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Cuba to have only one official currency

Cuba is planning to take a major step in its economic arena.Soon the country will move into a single currency. Till now,Cuba has had two currencies, the peso (CUP), in which most wages are paid and local goods priced, and the convertible peso(CUC), used in tourism, foreign trades and for imported goods.The government said that […]

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Jordan Tourism witnesses boost in visits, receives 494 million tourists

The year of 2013 has proved to be a boon for Jordan’s tourism sector as the number of foreign tourists increased from 469 million in 2012 to 494 million this year. President of the Jordan Hotel Association (JHA) Michel Nazzal said that the future of Jordan’s economy would depend on the tourism sector given the […]

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Philippines says it’s open for business

Philippines has been urging people to visit the country with a humble request that their visits would be having a direct consequence on helping to rebuild lives and keep locals in jobs after the repercussion of Typhoon Haiyan. Richard de Villa of the Department of Tourism at the Philippines embassy in London has made it […]

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Australia’s tourism industry to be worth $115 billion by 2020

According to a new research that has been presented at a major tourism conference in Canberra, Australia’s tourism industry is right on track to cast at least $115 billion by 2020, as it is already  worth $80 billion driven by resurgence in domestic travel and growth in the Asian market. Tourism Australia has also invested […]

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Fiji: Port Denarau contributes $400 million in tourism receipts

The tourism industry is one of Fiji’s major industries which is vital to the island’s economic development. In this regard Port Denarau contributes more than $400 million in tourism receipts which excludes the $40 million in taxes paid to government annually in addition to employment tax such as pay as you earn. Port Denarau Marina provides […]

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Travel grows more than U.S. exports this year

According to the research and economics department at the U.S. Travel Association, United States’ trade deficit has depreciated by $4.6 billion in July 2013 to $39.1 billion. The first five of the six months saw growth in travel exports but July witnessed a fall to the level of $14.8 billion from $96 million. Additionally, the […]

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