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China Tourism and Culture Investment Group Ltd (SHSE:600358) shareholders who have been waiting for something to happen have been hit with the share price falling 32% in the last month. The recent share price drop caps a disastrous 12 months for shareholders, who have suffered a loss of 55% in that time. Given that nearly half of the companies in China’s hospitality industry have a price-to-sales (P/S) ratio of over 5.2x, after such a significant drop in price, China Tourism And Culture Investment Group Ltd, with a P/S ratio of 2.3x, can be considered a very attractive investment. However, there…
A proposal to allow an agricultural tourism resort on the north side of Sound Avenue in Riverhead that was shelved earlier this year was welcomed back by the Town Council this week. The rule change would allow an agricultural tourism inn or resort to be developed on at least 100 acres in the RA-80 zoning district, which makes up most of the land north of Sound Avenue. Development would require a special permit from City Hall and at least 70 percent of the land would be reserved for agricultural production. The remaining acres could be developed as a resort with…
On a hot, dusty day at the western border of Texas, the Rio Grande River that separates the state from Mexico just barely flows over a bed of exposed rocks, the water level low enough to wade across. “You just have to hop from rock to rock without getting your feet wet,” says Charlie Angel, a local river guide. Angell owns Angell Expeditions, a company that specializes in river rafting. In his 16 years as a guide, this was only the second time he’d seen the Rio Grande dry up in the Big Bend region. While there wasn’t any water,…
This article is part of CNN Underscored’s Summer Travel Week, a week-long look at how to travel smarter and save money during one of the busiest travel seasons of the year. Whether you’re going to France, Lisbon, Sicily, Spain, or anywhere else, packing for your trip needs to be done carefully and thoughtfully. Because you’ll be traveling long distances, not only will you want comfort for the journey itself, but you’ll also need to pack some travel accessories that are specifically designed for European travel. For example, your packing list for a trip to Europe should include an international plug…
For Immediate ReleaseJune 6, 2024 Contact: Beth Cefalu, Director of Strategic Communications(845) 638-5645 The event provided an opportunity to showcase Rockland’s attractions to travel industry professionals. POMONA, NY – The Rockland County Economic Development and Tourism Office, in collaboration with Alon Tourism Solutions, is pleased to announce the first-ever Familiarization Tour and Marketplace (FAM) event on June 3-June 4, 2024. The FAM Tour will feature an extensive itinerary with travel industry professionals visiting numerous destinations, including Roundtable Brewery, Garner Historic District and Garner Art Center, Haverstraw Brick Museum, Holocaust Museum and Palisades Center. “It’s always a pleasure to showcase Rockland…
On Wednesday, the Chicago City Council held its annual meeting at the Auditorium Theatre, an event that brought together city leaders, industry partners, city officials and members of the media to celebrate accomplishments in 2023 and set the stage for “What’s Next for Chicago.”Highlights from the conference included a special Q&A with Choose Chicago Board Chair Glenn Eden and Mayor Brandon Johnson, the release of the organization’s 2023 Impact Report, the presentation of awards for contributions to the city’s tourism, and the recognition of Choose Chicago Foundation scholarship recipients.Choose Chicago announced that Chicago will welcome nearly 52 million domestic and…
Tourists injected billions of dollars into Toronto’s economy last year, but visitation has yet to return to pre-pandemic levels amid signs of slowing growth, according to a new study. About 26.5 million tourists are expected to visit in 2023 and spend $8.4 billion, mostly on hotels, restaurants and transportation, according to a Tourism Economics report. But tourist numbers did not reach the record high of 28 million visitors to Toronto in 2019, according to Destination Toronto, the tourism group that commissioned the study. Last year, 88% of visitors were Canadian, but about 7% were from the United States and 4.5%…
For those truly epic, once-in-a-lifetime destinations, you want to leave your itinerary to the experts. Whether your dream is to see the Big Five on an African Safari, trek tall mountains, explore European cities, or something even wilder, a group tour is the easiest way to do it. However, picking the wrong group tour company is the quickest way to ruin your trip. Make sure you choose a tour company that aligns with your goals and travel styles. Do you want an intimate group tour or do you prefer to make lots of new friends in a big group? Does…
Every city has its tourist attractions, and Amarillo is really known for a few. Two of them are considered major tourist attractions, and I would agree. One has an admission fee, and the other doesn’t.So, before we delve into this, let’s clarify what exactly a tourist trap is.A tourist trap isn’t just a place that is said to be a “must see.” For example, many people would consider the world famous Cadillac Ranch a “tourist trap.” However, all you need to get there is a can or two of spray paint. This is not the definition of a tourist trap.It…
Skift Take Venetians may raise the new entrance fee to 10 euros and broaden its scope, aiming to attract more tourists wanting to explore a civilised, off-the-beaten-path Venice. Dawit Habtemariam Venice is seeing its tourist admission fees as an early success, with one official telling Skift that it may double the fees next year and start charging them more frequently. Simone Venturini, deputy mayor for tourism, said the fee fits into the city’s broader strategy to reposition itself from a “low-cost tourist hub” to a luxury destination while protecting the city’s beauty and community. Skift spoke with Venturini about the…