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It’s impossible to avoid making mistakes when investing for the long term. But a really big loss can really drag down an entire portfolio. So, take a moment to sympathize with long-term shareholders of China Tourism Group Duty Free Company Ltd (SHSE:601888), who have seen their share price plummet 76% in three years. To say the least, it may raise serious questions about the merits of the original decision to buy the stock. And recent buyers have struggled as well, with the stock down 45% in the past year. The decline has accelerated recently, with the share price down 21%…
Travel has boomed since the pandemic, but with it have come widespread complaints about overcrowded destinations, undermining the joy of discovery and the aesthetic satisfaction of travel. After the pandemic ended, people returned to what they missed so much during the lockdown: travel. But did they come back from their travels happy and excited? Some did. But most returned with dissatisfaction, which has become the norm. Wherever we go, the place is filled with other tourists, on the verge of becoming an unpleasant experience. There is a widespread feeling that all attractive places are overcrowded with people, diminishing the aesthetic…
Harford County has awarded a total of $645,500 to 15 local nonprofits to support lodging tourism in the county. Funding for the grants will come from the county’s 6% hotel tax.”Tourism is a good investment in Harford County and boosts our small businesses as visitors stay, dine and shop locally,” Harford County Mayor Cassilly said in a news release. “Our tourism program is a win-win: we become self-sustaining through hotel taxes and foster local attractions that attract visitors, driving economic activity and improving our own quality of life.”According to the Maryland Tourism Office, overnight visitors have 12 times the economic…
China has recently been making efforts to attract international tourists through favorable policies, with great success. Following the announcement of visa-free travel for Australians and New Zealanders, China’s National Immigration Administration released impressive travel data for the May Day Golden Week and the recently concluded Dragon Boat Festival.According to the National Immigration Administration, a total of 8.47 million international and domestic tourists crossed China’s borders during this year’s May Day holiday. In particular, the number of visitors from Hong Kong, Macau, and Taiwan was 2.92 million, up 20.8% from the previous year, and the number of foreign visitors was 779,000,…
Visit Portland, a tax-exempt nonprofit that promotes tourism in the Portland metropolitan area, will launch a $74,500 marketing campaign targeted at the “LGBTQ+” and “BIPOC” (Black, Indigenous and People of Color) markets following approval of the plan by the Portland City Council on Monday. [RELATED: Bienvenido a Maine: Mills to Spend $2.5M on Ads to Grow State’s ‘racial, ethnic, and multilingual workforce’…] The Portland City Council approved the agreement for fiscal year 2024-2025 by a 5-2 vote at its meeting Monday. Under the agreement, the city will remit to Visit Portland about $1.5 million in assessment fees collected from 23…
Europe’s tourism industry is undergoing reinvention to strengthen remote communities, with the help of EU-funded researchers. Ali Jones The San Estebo de Ribas de Sil monastery in northwest Spain is less than 20 kilometers from the Camino de Santiago, but to Martín López Nores, the two places felt like completely different worlds. And that gave him an idea. In 2019, Lopez Nores, a professor of telematics engineering at the University of Vigo in Spain, attended an event at an 800-year-old monastery with researchers and local representatives. Participants discussed the best ways to boost the local economy. Slow down The Camino…
Jamaica’s Tourism Minister, Edmund Bartlett, has launched a major multi-city marketing campaign in the United States. This strategic initiative is aimed at strengthening partnerships and raising awareness of Jamaica as a premier tourism destination. The campaign will be launched in New York where Minister Bartlett will take part in a series of key media interviews and attend events during Caribbean Tourism Organisation Week. The event marks the organization’s 35th anniversary and will feature a range of vibrant activities and business meetings under the theme “Connecting the World and Celebrating Diversity.” The tour will be extended to Chicago and Dallas, where…
Issaquah’s Main Street during the city’s annual Independence Day celebration in 2023. Provided by Visit Issaquah Tourism on the East Side is on the upswing and gaining momentum as marketers try to improve the visitor experience, increase overnight and weekend stays and attract more international visitors.”I think the health of tourism is really great,” said Christy Garrard, executive director of the Issaquah Tourism Bureau. “When I took on this role in March 2022, we were still wearing masks at the time, and we saw a gradual return of tourists. Since then, we’ve gone through what we call a ‘revenge travel’…
In May, the threat of a volcanic eruption didn’t keep tourists away from the Blue Lagoon near the fishing village of Grindavík. (Photo: John Moore)Getty Images Nothing has hurt Iceland’s tourism in recent years, not even the coronavirus (which temporarily stalled tourism, but visitor numbers have since returned to pre-pandemic levels) or the threat of a volcanic eruption (tourist numbers in Iceland have reached pre-pandemic levels, despite the Icelandic Met Office warning of an imminent risk of eruption last November). According to the Bank of Iceland, Iceland welcomed approximately 2.2 million tourists last year, roughly six times the country’s population,…
Jamaican authorities have allowed a Swiss tourist who suffered a mental breakdown during his stay to end his trip at the Rastafari Herbal Garden in Westmoreland. The man, who came to Jamaica to heal from a traumatic experience, will receive weekly treatment at a nearby clinic. The decision highlights the potential of wellness tourism, a growing sector focused on holistic practices that owner Thomas Huber believes Jamaica is underestimating. Local authorities reverse policy and allow man to stay at Rastafari Herb Garden Jamaica Gleaner/June 12, 2024/Rochelle Clayton/Reporter Jamaican authorities have decided not to repatriate a Swiss national who recently suffered…