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Business models for tourism and airlines will change

Location:

INTERNATIONAL

The initial answers will come from the leisure segment, which is set to recover faster than business travel. For major airlines, reliance on business customers and travel hubs are…

Australia budget reversal may accelerate downgrade

Location:

AUSTRALIA

The Australian federal budget, delivered on May 9, attempts to revive the electoral prospects of the Liberal-National Coalition government. The timeline for a return to surplus is…

Iran will be flexible in observing its planned budget

Location:

IRAN

Rouhani in late December 2018, when presenting his programme to the Majlis, reported that his administration plans to run a balanced budget for the fiscal year beginning March 21.

Latin America budget airline competition to intensify

Location:

LATIN AMERICA

The expansion of low-cost airlines in Latin America.

Australia’s economy will recover slowly from COVID-19

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AUSTRALIA

Australia is battling COVID-19, which has necessitated social and economic lockdowns which have hit the economy. Parliament passed the budget measures on October 9, with little…

US states will struggle to manage declining revenue

Location:

UNITED STATES

With DeSantis challenging Donald Trump for the Republican presidential nomination, his ‘Framework for Freedom’ budget contains several measures boosting his campaign. A slowdown…

Fires and illness will blight Australian tourism

Location:

AUSTRALIA

Restrictions on travel from China have caused direct losses of up to 2 billion Australian dollars (1.3 billion US dollars) in that market alone. Meanwhile, Australian tourism and…

Hoped-for Balkan tourism recovery is unlikely in 2022

Location:

BALKANS

After the COVID-19 pandemic devastated the tourist sector in 2020 and 2021, countries where tourism is important were eyeing a ‘golden year’ in 2022 now that most travel…

Mexico tourism plan rides on success of Maya Train

Location:

MEXICO

The news follows years of healthy growth in the sector and comes as the government launches a new tourism plan. President Andres Manuel Lopez Obrador (AMLO) announced the National…

Prospects for the global economy in 2021

Location:

PROSPECTS 2021

Europe and the United States may slip back into recession in the northern hemisphere winter. If vaccination succeeds, the advanced economies will recover robustly from mid-2021…