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The threat of interdependency

The current record in domino toppling is 4 491 863 (www.recordholders.org, 31-10-2010)

2007 was the year when the first global financial crisis of the third millennium took off. Three years later the world is still recovering from it. This blog entry will touch upon the impact it had on the tourism industry but stresses [...]

The Benefits of Space Tourism

“What beauty. I saw clouds and their light shadows on the distant dear earth…. The water looked like darkish, slightly gleaming spots…. When I watched the horizon, I saw the abrupt, contrasting transition from the earth’s light-colored surface to the absolutely black sky. I enjoyed the rich color spectrum of the earth. It is [...]

Global downturn hits tourism Australia

As can be read in an article in The Australian by Steve Creedy (October 28, 2008), the tourism industry is bracing for hard times as international airlines post their worst global traffic results since the 2003 SARS epidemic. Although failing oil prices and the lower Australian dollar, consumers prefer to keep their wallets closed. [...]

Air service liberalization; What a laugh!!

Introduction

The emergence of International trade on the world arena has seen the introduction of bilateral and multilateral agreements in many sectors of the world economy. In the tourism sector for example, many believe that such agreements will help expand the benefits of this already viable sector. One of these agreements is the  much [...]

Liberalization in aviation; is there too much freedom for airlines?

Introduction

A call out to increase regulation of the U.S. airline industry has been made by a prominent investment bank, arguing that a financially healthy industry is crucial to the well being of the United States’ economy. The airline industry’s myriad problems have been well documented, Hector J. Cuellar, president of RSM EquiCo Capital [...]