Word: tourism
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...Meanwhile, Croatian authorities are worried that the crime wave is spoiling Croatia's international image as a tourist paradise. Over the past several years, the country has invested heavily in its Adriatic resorts like Dubrovnik and collects much of its foreign exchange from tourism. "The worst thing that we can now do is to [have to] start going around trying to persuade people that Croatia is a safe country," says Nadan Vidosevic, chief of Croatia's Chamber of Commerce. "We mustn't allow insecurity to spill over...
...York to Nairobi, one popular ecotourism destination, creates nearly nine tons of carbon dioxide per person. Not to mention that the national parks, nature sanctuaries and remote wildlife reserves that draw most ecotravelers can be damaged by the foot traffic, to say nothing of the development that comes with tourism...
...ecotourism destination. Some 70% of Madagascar's animals are found only in this island nation, which is roughly the size of Texas. But Madagascar hasn't always been great at showcasing its biological richness--driving anywhere in this remote country will test your shocks and your spine--and its tourism industry remains small. That's beginning to change, though, as the government is in the middle of tripling the size of its national-park system, and local-guide networks are springing up around the country. These moves are coming at the right time, with green travel worldwide growing three times...
...Dubai and its real estate market are vulnerable to an international economic downturn, especially compared with many of its Gulf neighbors. As the region's premier business, transportation and tourism hub, it is by definition more entwined with the global economy. And in tight times, Dubai lacks the windfall oil profits that have enabled sister emirate Abu Dhabi, for example, to amass a financial cushion in sovereign wealth funds totaling hundreds of billions of dollars...
...from $147 per bbl. to $70 per bbl. since July, sending Middle East stocks tumbling and rendering regional investors increasingly cautious. Likewise, a global recession is likely to tighten the belts of the international investors and holiday makers that Dubai relies on for its real estate and tourism developments. Even before the global crunch, banks in the United Arab Emirates (UAE) were being hit this year by an outrunning stampede of billions of UAE dirhams - so-called hot money that one report valued at $55 billion - led by speculators giving up on hopes that the country would...