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Search results for “economic downturn”
Oversupply and low demand to see RevPAR drop 15-20% in Hong Kong
12/24/2008
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11:41:00 AM
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Tuesday, December 23, 2008: In a new analysis of the Hong Kong hotel sector, an industry analyst has predicted that Hong Kong’s hotels and properties are set to see RevPAR drop between 15-20% of current rates.
Time for travel agencies in North Asia to consider a symbiotic relationship
12/31/2008
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10:59:00 AM
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Lai further added, “Generally, travel agents in North Asian countries are showing similar travel sentiments across the board during the current crisis. One difference though is that in markets like Hong Kong where the financial sector is significantly affected by the downturn some international TMCs have to resort to more drastic cost saving measures like no-pay leave and staff lay-offs.”
China Air Traffic May Stay Weak Well into 2009
10/14/2008
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2:22:00 PM
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Monday, October 13, 2008: China’s air travel market is expected to remain weak due to the current global economic crisis and may not rebound until the second half of 2009, a senior China Eastern Airlines executive said on Thursday.
China expanding as a meetings destination: survey
12/16/2008
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12:44:00 PM
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Monday, December 15, 2008: The MICE industry in China remains strong despite the downturn, as the organisers of CIBTM released their research predicting an increase in event numbers held in China.
We advise passengers not to risk their summer holiday plans: Ryanair
12/08/2008
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12:44:00 PM
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Published: 05 Dec 2008: Ryanair has warned passengers against booking their summer holidays with "flaky charter airlines or shoddy holiday companies".
New hotels set to open in Phuket
12/19/2008
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11:33:00 AM
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Daily news, 16 Dec 2008, PHUKET – Development of new Phuket hotel properties remains strong, despite ongoing political issues in the country and the international financial downturn.
Gloom continues for struggling aviation industry
12/02/2008
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10:17:00 AM
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Monday, December 01, 2008: Passenger numbers continued to decrease for the second month in a row, with international figures dropping 1.3% in October, slightly better than the 2.9% experienced in September.
Qantas to further cut capacity, profit forecast
11/26/2008
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11:04:00 AM
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Breaking news, 25 Nov 2008, SYDNEY – Qantas said today it would further cut capacity as the global financial crisis continues to affect passenger demand.
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