The Bank of China and the Foreign Trade Bank of China will provide $462 million in financing for a tourism project in the eastern Dominican Republic being led by Spanish investors, tourism officials in that Caribbean country said.
The transaction marks the first Chinese capital investment in the Dominican Republic and will permit completion of the initial stage of the exclusive Punta Perla complex in the tourist resort of Punta Cana, located in the easternmost province of La Altagracia.
Egypt is currently witnessing an unparalleled boom in tourism which is propelling this historic nation to the forefront of the developing tourism industry. Recent statistics on Euromonitor International indicate that, in the past four years, tourism revenue has increased by 40 percent.
South African Tourism (SAT) launched an incentive package for attendees who meet the early bird registration deadline of Oct. 29 for the Society of Incentive and Travel Executives (SITE) International Conference 2010 taking place in Cape Town, South Africa, Dec. 4 to 7.
The U.S. Virgin Islands is offering travelers bonus savings on getaways to the Territory with “Winter Escape” packages offered in partnership with participating hotels. The packages offer $500 rebates on bookings of five nights or more at participating hotels and applies to new bookings made beginning Nov. 30, 2010, for travel between Jan. 3 and April 24, 2011.
The Dutch Caribbean island of Curacao is now an autonomous country within the Kingdom of the Netherlands as of Oct. 10, 2010. Curacao has been one of five island territories of the Netherlands Antilles, which has had its seat in Willemstad, Curacao, and no longer exists as of October 10, 2010.
Caribbean Tourism Ministers have agreed on an approach to the UK administration on its controversial tax on airline tickets which is known as the Air Passenger Duty (APD). According to tourism industry experts, the tax, which has already affected UK visitor arrivals to the Caribbean will deal a blow on the economies of the region and other developing countries.