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
Rossio & Praca da Figueira
Lisbon, Portugal
Rossio is the local nickname for Praca Pedro IV and with all the hustle and bustle of office workers, peddlers and tourists; it operates almost like a mini-district on its own. It certainly looks the part: cobblestone streets, fountains and perched high on a marble platform is Dom Pedro IV (first emperor of Brazil). Rossio train station, with its filigree horse-shoe shaped arches is standout, alon...
Adhari Park
Bahrain, Bahrain
Adhari Park is a treasure trove for parents confused about how to entertain their overactive children. The Park consists of 165,000 metres of indoor and outdoor rides, food and shopping. Timings: Daily 4pm-12am Admission: Entrance 0.5 BD; Park card 0.25 BD; Rides 0.30-1 BD Address: Shaikh Isa Bin Salman Highway Email: info@adharipark.com.bh Phone: +973 1740 7300 ...
Linnanmäki Amusement Park
Helsinki, Finland
Covered in snow during the winter months, Linnanmaki is one of the largest amusement parks in Finland. The place offers all sorts of rides, roller coasters and bumper cars to name a few. Children stay busy at the amusement park and can happily spend the entire day there. All kinds of eateries are also available for kids to munch on. Address: FIN-00101 Helsinki, Tivolikuja 1 Tel: +358 9 7...
Castle of Good Hope
Cape Town, South Africa
Dating back to the Portuguese occupation of this area in the mid 1600s, the castle was built from 1669 to 1679. Construction lasted about 13 years and the product was a massive pentagonal structure, a classic example of Portuguese defense measures. The construction material comprised of slate quarried from Robben Island but some features are distinctly European such as the bell at the entrance whi...