General Travel News

Yacht Owners Look To Recover Their Investment

Cash strapped yacht owners are keeping the second hand boat market busy as they look to recover some of their investment.  Many who bought their yachts during better economic times are now trying to free up cash by selling their boats.  Rashid, who owns a property company in Dubai, purchased a new 50 foot luxury yacht over two years ago for Dh10 million (US$2.72m).  At the time Rashid had the funds to maintain the expensive boat, but now he is willing to let it go for only a third of its original value. 

Michael Derret, a market research consultant specializing in business planning for the maritime leisure industry said “In the short term it’s very tough for the industry.”    Derret explained that marina developments depend on property developments in part, because they increase the property value and create a lifestyle.  When property values increase again, marina projects will also grow.
 

More General Travel News
Emirates expecting over 500,000 arrivals into Dubai by early September
Kazakhstan's new tourist attraction - falconry
Summer in Turkey
Latest Travel News
Kazakhstan's new tourist attraction - fa...
Summer in Turkey...
Taif Season attracts more than 750,000 v...
Featured Sights To See
Little Tokyo/Chinatown

Little Tokyo/Chinatown

Los Angeles, United States

Little Tokyo and Chinatown are the Japanese and Chinese cultural centers of California.  Declared a National Historic Landmark District, it boasts the David Henry Hwang Theatre, numerous restaurants, wagashi shops, specialty stores, and the Japanese Village Plaza. ...

International Spy Museum

International Spy Museum

Washington DC, United States

The International Spy Museum opened in July 2002 is the largest   public collection of spy- related paraphernalia and exhibits on some of the most prominent spies in history. It provides a global perspective on a unique and ‘invisible’ profession that has moulded history and continues to impact world events. It gives an insight on some of the most secretive espionage missions in world history and...

Suq al-Milh

Suq al-Milh

Sanaa, Yemen

The best preserved relic of a thousand years of Islamic rule, this is the richest marketplace in all the Arabian Peninsula. It is a large, open-air market, covered in patches by plastic, fabrics, wooden planks, hides, and any other material that the locals could find, giving a literal manifestation to the symbolic merging of cultures and ethnicities within the city. Divided into sections according...

Quan Su Pagoda

Quan Su Pagoda

Hanoi, Vietnam

Constructed in the 15th century the pagoda became the headquarters of the Tonkin Buddhist Association in 1934, and today it is headquarters for the Vietnam Central Buddhist Congregation.   Quan Su Pagoda is also referred to as the Ambassador's Pagoda or Chua Quan Su, and is one of the main Vietnamese-styled temples in Hanoi. It houses many finely carved statues, some dating back to the 15th...