The financial situation of the hotel industry in Brazil is not very optimistic. The sector faces considerable downturn in occupancy and needs to cope with the competition of private rentals that are rising in popularity.
The future of tourism in Cuba is an issue of many discussions in the country after the death of Fidel Castro, the emblematic leader of the 'barbudos.' The travel sector is an important part of the island's economy and seems to continue its economic development. But far from the image offered to tourists, the locals hope above all to increase their standard of living.
Cruise tourism in Europe is expected to be on rise in the coming years despite global economic austerity measures, according to Pierfrancesco Vago, Chairman of CLIA Europe and Executive Chairman of MSC Cruises.
Tourism industry in Italy has become the most important growth provider for the country’s economy this year. The trend is expected to continue in 2017/18 as well. The gross domestic product is expected to increase by 0.9% in 2016 and tourism by 1.5%. The turnover in tourism accounts for 171 billion euros, which is 11.8% of the GDP. The sector employs 3.1 million people, 12.8% of the Italian workforce.
Average tourist spending by foreign visitors to Mexico is only half of what it is in Dominican Republic, and at least 300% below that of the United States, India and Australia, according to a study by Anahuac University and the National Tourism Business Council (CNET).
At the end of November, Moscow opened the largest open-air ice rink in Europe at the VDNKh exhibition centre. With 20,000 m2 of ice surface, which is almost the size of three football fields, and the capacity of 4,500 people, the ice rink is one of the biggest attractions of the Russian capital.
The small island of Sri Lanka currently enjoys booming tourism numbers according to reports. The local government has a positive outlook of the future of the sector.
According to estimates, the contribution of the Thai tourism industry to the country’s GDP represents between 12% and 18% of the economy, employing approximately 6.2 million people directly and indirectly, or about 16% of the labor force. Hotels, restaurants, and shops are the main beneficiaries, but at the same time another form of travel is developing: medical tourism.
The German Minister of Economic Affairs, Sigmar Gabriel has called for a stronger regulation of booking platforms and portals such as Airbnb.
Russian tourism inflow to Italy is registering signs of revival, with significant developments in the ways of booking. 70% of Russian tourists coming to the country for holiday book their accommodation online, according to Carlo Biraschi, consultant of the Emilia Romagna region and former director of ENIT Moscow.