tourism

Canadians are boycotting the United States as a tourist destination in record numbers, new data shows. What Happened: According to Statistics Canada, car travel by Canadians into the U.S. fell 38% in May compared to the same time last year, while air travel dropped 24%. Forbes notes that this marks...

The number of Canadian tourists visiting the U.S. has taken a significant hit, potentially resulting in a $6 billion economic loss for the year, as per reports. What Happened: The number of Canadians traveling to the U.S. has seen a notable decline. According to Statistics Canada, road trips—which...

Las Vegas tourism is on a winning streak, and several casinos that light up the city stand to benefit. Sin City’s overnight stays saw growth compared to both last year and pre-COVID times, per Placer.ai data. See below. Tourism in Las Vegas is booming, with overnight stays in the city...

Key Takeaways: Fosun Tourism said business volume at its Atlantis Sanya mega-resort and Club Med chain rose 4.5% and 15.2%, respectively, in the first quarter The company’s shares are trading near an all-time low, following reports earlier this year that its two major assets may be up for...

To revive the country’s tourism sector, the Industrial & Commercial Bank of China Ltd (ICBC), the country’s largest bank, has pledged to provide financing for 300 billion yuan ($41 billion). What Happened: The ICBC signed a cooperation agreement with China’s Ministry of...

China’s domestic tourism spending during the Lunar New Year has surpassed pre-pandemic levels, indicating a significant recovery in the country’s tourism sector. What Happened: Tourism spending during the Lunar New Year in China has exceeded the pre-COVID levels. The official data...

Taiwan has put a halt on new group tours to China as a response to Beijing’s refusal to allow Chinese tourists to visit Taiwan and a controversial flight path change in the Taiwan Strait. What Happened: The Taiwan Tourism Administration has instructed travel agencies to cease organizing new...

Marriott International Inc (NASDAQ:MAR) stock made new all-time highs on Jan. 8 as it closed above $228, up 2.6% for the day. The high-end of the 52-week range for the stock now stands at $228.29. The hospitality sector firm known for its hotels, resorts, and lodging facilities has been buoyed...

Adding a new dimension to its diversified portfolio, Uber Technologies Inc. (NYSE:UBER) has launched hot air balloon rides in Turkey’s Cappadocia region. What Happened: According to a Business Insider report, the new service from Uber requires passengers to book 12 hours in advance using Uber...

Key Takeaways: Fosun Tourism’s business volume rose 24% in the first six months of 2023, similar to revenue gains for global hotel operators like Hilton and Marriott The company has revived Club Med eight years after buying the chain, allowing it to boost room prices well above pre-pandemic...

Before the global coronavirus pandemic outbreak in 2019, a record 32 million tourists visited Japan. The majority of international visitors arrived from East Asian regions, with Korean, Chinese, and Taiwanese visitors in the lead. However, the pandemic forced Japan, like most countries,...

Key Takeaways: Strongly recovering business in the U.S. and Europe helped Trip.com return to the black with a 69 million yuan profit in the second quarter The company said outbound bookings from Hong Kong jumped nearly four times last week from the previous week as the city prepared to end its...

The COVID-19 pandemic put a hurt on many areas around the world that rely on international travelers to fly into their airports, stay in resorts and ultimately spend money. Rising cases of COVID-19 variants has hurt tourism again, but one place that doesn’t seem to be feeling the hurt is...

  This article was originally published on Goldleaf, and appears here with permission. The closing months of 2018 saw Canada legalize the recreational use of cannabis for its citizens. Tourists can also partake in the Great White North's newly established legal cannabis culture....

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