Thailand’s tourism industry, which generates revenue equivalent to at least a 10th of economic output, will rebound after the eventual resolution between the government and protesters seeking to oust the prime minister, according to DBS Vickers Securities (Thailand) Co.
On New Year’s Day, when Bill de Blasio becomes New York City’s 109th chief executive, Democrats will control the mayoralty and council for the first time in two decades. That won’t necessarily make his job any easier.
Apollo Global Management LLC, which has raised $3.9 billion to buy distressed European assets, is hunting for hotels and resorts in Spain as tourists from across Europe help pull the country out of a two-year recession.
The Philippines, ravaged by the deadly Super Typhoon Haiyan and a 7.2-magnitude earthquake in the past month, needs to race to rebuild beach resorts and infrastructure to bring back much-needed tourism spending.
Icelandic carrier Wow Air said it may buy Boeing Co. 757 or Airbus SAS A321 jets to bring more U.S. routes within range of Reykjavik and help rebuild a tourism industry after the country’s financial collapse five years ago.