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...“Spain is flourishing due to record tourism numbers and robust operational performance from the hotel operators,” said CBRE head of hotels for Europe Kenneth Hatton....
...Ireland has, however, enjoyed a corporation tax bonanza with revenues more than doubling between 2020 and 2023 to hit €23.8bn last year....
...But mass tourism has triggered a local backlash in several places and is stretching resources and infrastructure in regions not ready to cope with the numbers....
...Hotels have started to drop prices as well, as they compete for occupancy, according to tourism specialist Olivier Petit at consultancy In Extenso....
...“No corporation should be its own government,” the statement said, adding the administration was “ready to work with Disney . . . to help promote economic growth, family-friendly tourism, and accountable...
...Corporate results: Japan’s Nidec Corporation, which manufactures the electric motors used in hard-disk drives, China Tourism Group and Ping An Insurance Group announce quarterly results....
...Families are one thing but the locals are not thrilled by the arrival of large corporations....
...Max Watts looks and sounds like he’s made to run a grand hotel. Poised and polished, he’s also a tie guy, and wears a navy double-breasted suit....
...Tour operators and hotel owners will be aware of stranded asset risk if tourists shun popular destinations in the southern Mediterranean....
...Eco-friendly elegance in the Atlantic The Azores are emerging as a model of lo-fi regenerative tourism, with local enogastronomic and architectural traditions being foregrounded and development carefully...
...“Investors in Singapore’s hotel and tourism sectors will welcome it.”...
...The hotels are pricing themselves for a tourism boom that is happening because Japan seems cheap to foreigners now,” said Kitajima, who did not want her full name to be published....
...Vietnam’s tourism industry is still recovering from Covid-19 and the restrictions put in place to stem the pandemic....
...tourism hub....
...But as new restaurants and hotels open boasting alcohol-free bars, and Riyadh develops tourism resorts on the Red Sea, speculation has swirled about whether Prince Mohammed would allow alcohol sales in certain...
...“Tourism plummeted,” says trade and tourism minister Juan Carlos Mathews....
...Turqi Alnowaiser, deputy governor at PIF, said the investment reflects the fund’s belief in the “current potential of the hospitality and tourism industry”....
...The Greek government would retain a stake in the airport even after the IPO through the Hellenic Corporation of Assets and Participations, a separate government body that owns 25 per cent and holds a significant...
...Premium hotel and travel services are also in growing demand. Shares of Jinjiang Hotel, which operates more than 1,500 establishments, rose 7 per cent on Monday....
...Its ambitious president, the wealthy businessman Patrice Talon, is changing the country’s economy and image with a $2.1bn investment in tourism, arts and heritage; a large Sofitel hotel has already appeared...
...“Sometimes locals don’t like big corporations taking over their home resort,” he said....
...The changes will not affect hotels, hostels or B&Bs....
...“Wellness tourism is growing faster than leisure tourism, with wellness tourists spending 41 per cent more than the typical international tourist,” says Alejandro Bataller....
...tourism....
...She has simultaneously developed three more brands – a residences collection, a wellness concept and a members’ club – while sitting on several boards, including the Hong Kong Tourism Authority....
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