General Travel News

Global Economic Crisis Impacts Hospitality Sector

Industry experts addressing delegates at the Arabian Hotels Investment Conference 2009 said the hospitality sector has been deeply affected by the global financial crises. They said there are signs of improvement but it is far from over. Deutsche Bank CEO for the Middle East and North Africa, Dr. Henri Azzam  said it “could be deeper and longer than many of us anticipated.”  Deloitte’s Global Managing Partner for Hospitality, Martin Russ, said Sars and the Gulf War look like blips compared to the effects of the global economic downturn.

However, while speaking about regional trends in the real estate market, Global CEO at Jones Lang Lasalle Hotel noted the Middle East is one of the few regions where positive economic growth is forecast for 2009.  The International Monetary Fund forecast 2.5% growth for the Middle East in its April Global Economic Update.

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Featured Sights To See
Tennispalatsi

Tennispalatsi

Helsinki, Finland

This complex is a cultural center located in the Kammpi area of the city center. The place houses a lot of shops, a multi Cineplex called ‘Finkino’, an Art Museum, Tennis Palace and the Museum of Cultures. Tennispalatsi has had a rich history in the sports arena as well. Back in 1938 it was constructed as a center for the Olympic Games held in 1940 and later was the ground for a few basketball gam...

Postal Museum

Postal Museum

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If you are interested in seeing history ‘represent’ itself, pay a visit to the Tunis postal museum. The place houses a collection of the most ancient stamps of Tunisia that were exchanged during communication in the olden times mostly during the 19th century. The exhibition shows a slow progression from those days to the present, when communication is much faster and uses different stamps of varyi...

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Vien Bao Tang Lich Su (Museum of Vietnamese History)

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Garden of Dreams

Garden of Dreams

Kathmandu, Nepal

Tel: +9771 442 5340 Price: Adult/child: Rs 160/40 Opening Time: 9am-10pm Beautifully restored, this garden is one of the most peaceful and beautiful places in Kathmandu. Built after Feild Marshall Kaiser Shamser (1892-1964) visited the gardens of Edwarian England, he won the funds from his father (the prime minister of the time) in an epic Rs 100 000 game of cowrie shells.   ...