Word: tourisme
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...question is not as absurd as it may seem. Hosting the Olympics can boost the profits of host-city construction companies and tourism-related companies such as hoteliers. But is there a correlation between overall stock-market and economic performance and the Olympics? We decided to do a little historical research by examining stock-market indexes and GDP growth for the host nations for the past eight summer Olympics, excluding the stock market-less U.S.S.R. in 1980. What we discovered was interesting but inconclusive. On average, markets in host countries showed a 16.3% gain in their Olympics year...
...that the host nations that appeared to benefit were smaller countries like South Korea where Olympics spending seemed to have a meaningful impact on overall economic activity. But China is the world's fourth largest economy. According to a 2007 report by Nomura Securities, China's Olympics outlays and tourism revenues will boost the GDP growth rate by a miniscule 0.25 percentage points in 2008. Moreover, Beijing, the host city where the impacts are strongest, plays a relatively small role in the national economy, contributing only 4.4% to GDP, according to a Credit Suisse study. Compare that with Seoul, host...
...companions said they had come to Eldorado to build a hunting and game preserve in what was once the Red Cheek Ranch. That wasn't surprising. While most people in Schleicher County work in the oil field support business, some ranch or farm, and others have turned to eco-tourism offering mountain bike trails, wildlife tours and stargazing parties. Soon, enough, however, the community discovered Allred's real plans...
Only a few years ago, Libya was a tourism dead zone. The country's links to the 1988 Lockerbie bombing led to over a decade of U.N. sanctions, making it almost impossible for foreigners to travel there. But the sanctions were lifted back in 2003, and now visitors are allowed back in to rediscover some of Libya's historical gems...
...vacation, socialization, and relaxation—in other words, Spring Break ‘08, WHOO! Our tans have already faded, and we’ve already forgotten most of the inside jokes that inspired the captions in our facebook albums. But one phenomenon that frequently characterizes both European tourism and island vacations seems to have followed us back to Cambridge—or rather, our adventures abroad have alerted us to a reality that always existed at home. The overpriced foreign restaurants that frequently lure hungry, naive, unsuspecting tourists have morphed into familiar Harvard Square landmarks that lure hungry...