Crooners Ricardo Arjona, Juanes and Beto Cuevas have aired their interest in investing money in the Dominican tourism through the Arabian Nights Resort project in Punta del Valle, near the Samana Bay.

During their stay in this country for the President Latin Music Festival, the singers said to be interested in pouring some money into the tourist project now underway in Punta del Valle at a price tag of $60 million.

A strategic scheme outlining an assortment of tourist development lines has been unveiled to both local and foreign businesspeople eager to pour funds into Venezuela’s hospitality industry, said Wilmar Castro Soteldo, the country’s minister of production and trade.

The Tourism Act –he added- opens new windows of development opportunities and gives investors lots of incentives.

American travelers say they plan to dig deeper into their wallets in 2004, spending more for longer vacations, motivated by an enhanced desire to unwind, according to the American Express Leisure Travel Index.

The Spanish firm Espacio Turistico International, specialized in the development and consultancy of tourist businesses on international scale, has recently initiated a fundraising program to start up some of the resorts projects in which it participates in Argentina.

The company, that will continue carrying out an intense work of identification and evaluation of tourist projects in Argentina, is to develop two high standing resorts that will target on the increasing international tourist demand and are located in the provinces of Rio Negro and Neuquen.

Delta Air Lines reported a net loss of $164 million and a loss per share of $1.36 for the September 2003 quarter. In the September 2002 quarter, Delta reported a net loss of $326 million and a loss per share of $2.67.

Excluding the unusual items described below, the September 2003 quarter net loss and loss per share were $172 million and $1.43, respectively, compared to a net loss of $212 million and loss per share of $1.75 in the September 2002 quarter.

Guatemala inaugurated the 17th International Fair (INTERFER 2003), Tuesday, providing space for commercial exchange among 20 participating countries, including Cuba, which is taking part with 12 enterprises from different sectors.

"Allowing a Meeting of Continents, INTERFER 2003 aims to facilitate exhibition and business in technology, tourism, services and trade through October 26 at the metropolitan Industry Park.

Back to top