News by tag: Tourism


Monarch's collapse leaves 110,000 passengers stranded

UK low cost airline and holiday company Monarch Airlines has collapsed and been placed in administration leaving 110,000 customers stranded abroad. The accountants KPMG announced in the early hours of Monday that Monarch, Britain’s longest-surviving airline, had been placed into administration and that all further flights from the UK had been cancelled and would not be rescheduled.

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Travel destinations: Tourists like Bangkok

For the second year in a row, Bangkok is poised to be the most popular city in the world for international travelers. The Thai capital is projected to welcome nearly 20.2 million international overnight visitors this year, according to a report by financial services corporation Mastercard. Mastercard's 2017 Global Destination Cities Index looks at visitor volume and spending to rank 132 top destination cities.

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Air France unveils Joon, the unit company for Millennials

Air France formally launched on Monday its new “Joon” lower-cost airline, which the company hopes will attract a younger clientele and restore some routes to profitability. Air France said on Monday that Joon would start off by flying to six destinations. Joon is “especially aimed at a young working clientele, the millennials (18- to 35-year-olds), whose lifestyles revolve around digital technology,” Air France said in a statement, without elaborating on what new technology would be deployed.

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Dilemma in the sky: EU warns Ryanair to respect the rules

More than 300,000 Ryanair passengers have had their travel plans thrown into disarray as a result of a rolling programme of flight cancellations that will hit 2 per cent of all of the airline’s flights between now and the end of October.  Ryanair chief executive Michael O’Leary blamed a “messed-up” rostering system and a need to give pilots “lots of holidays over the next four months”. He said the roster issues arose due to a change in the way the airline records flight hours. Under EU rules, pilots can only fly 900 hours a year, and 100 hours in any month.

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Wizz Air lets you book flights in a flexible way

Wizz Air today introduces its new “Flexible Travel Partner” service, allowing customers to create a new reservation without including all passengers’ names at the time of booking. This innovative new product has been designed for customers who want to book their trip securing low-cost fares well in advance, yet are uncertain who their travel partners will be.

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Swiss watchdog opens the door: under investigation

The Swiss federak price watchdog has initiated proceedings against, hotel booking platform, after finding signs of “price abuse” concerning commissions that hoteliers have to pay in Switzerland.  During an investigation, watchdog Stefan Meierhans examined commissions paid by hoteliers to the site and found indications of abusive prices, news agency ATS reported on Tuesday. 

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Tourism: Here are world’s cheapest places to drink a beer

If you're going on a certain kind of holiday, the price of a drink might take precedence over certain other factors, but even if you're not planning on wearing a bright pink polo with a lurid slogan printed on the back, knowing the price of a pint is always useful. The study, carried out by UK based FX comparison site Travelex, who produced an International Beer Index for 2017, looked at the average price of half a litre of beer in 32 countries which are popular holiday destinations for British holidaymakers.

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France: Tax system unacceptable for platform as Airbnb

The issue of tax in Europe does not seem to be a happy one when it comes to tech giants like Apple, Google, Amazon, and Facebook. According to France's new Finance Minister, Bruno Le Maire, France and Germany can harmonize their corporate tax rates by 2018, paving the way for full harmonization across the eurozone. Le Maire made the comments during a television interview with Bloomberg. When asked if he wishes to lower the corporate tax rate to 25 percent across all states in the eurozone, Le Maire replied that the Macron Government has decided first to reduce the level of taxation in France. He argued that the tax burden is "too high and too unstable."

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'World's longest' pedestrian suspension bridge opens in Switzerland

After 10 weeks of construction, Switzerland finally opened what local authorities have been calling the "world’s longest suspension bridge."  Named Europabrücke, or the Europe Bridge, this narrow pedestrian bridge hovers over the Grabengufer ravine, near Zermatt. Hanging 278 feet (84.73 meters) in the air, you might want to hold someone’s hand for a little extra courage -- but that won’t be possible. Only measuring 25.6 inches (65 centimeters) wide, the bridge is only large enough to allow for a single file line along its 1,620 feet length from end to end.

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Swiss hotels: Fast start in first quarter 2017

Overnight stays in hostels were added to the overall number by the Federal Statistical Office last year. Without them, the number of overnight stays in the first quarter would have fallen by 0.6 percent. The decline in Swiss and foreign visitors was roughly the same. The three largest source markets of Swiss hotels, have all suffered decline in terms of visitor numbers. Among German guests the decline was 6.2%, with the number of overnight stays falling below the million mark for the first time in many years. But the Germans are still by far the most numerous group of foreigners in Swiss hotels, though the decline is massive. Ten years ago, there were 1.6 million overnight stays by German guests in the first quarter of the year.

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Semptember 2015
  • 24

    Two years after two historic global agreements were established, leaders and other change agents in

  • 25

    Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.

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    The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the

  • 31

    Dieser Event ist ausschliesslich für Pensionskassenvertreter (Stiftungsräte, CEOs, Anlageverantwor

  • 01

    Nach Jahren des geldpolitischen Experimentierens sind die Finanzmärkte so verzerrt wie selten zuvor

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