News

The latest figures from the Spanish city of Malaga show that air and train traffic is down, but there has been an increase in the amount of cruise ship traffic to the city in southern Spain. This is one of the most popular holiday destinations in the country and the data shows it is suffering […]

The budget hotel chain Travelodge has recently made deals for 12 new hotels in the UK with a combined investment value of £77 million. The company will add 1,334 rooms and create 200 new jobs.   Travelodge is the UK’s fastest growing hotel chain, and in these economic times it is easy to see why

Hilton Hotel’s upscale Doubletree brand is set to open its first property in Malaysia. The Crown Princess Hotel in Kuala Lumpur will undergo a huge, multi-million dollar redesign and renovation over the next few months. When the hotel reopens in the second quarter of 2010 it will be the Doubletree by Hilton Kuala Lumpur City

Brazilian President Luiz Inacio da Silva replaced the head of the federally controlled Banco do Brasil SA in an attempt to lower interest rates in the country. The new president is Aldemir Bendine, who was formerly vice president of credit and debit cards for the bank. He replaces Antonio Francisco de Lima Neto, who had

Property prices in Bulgaria have dropped to 2007 levels, according to the latest survey from Raiffesisen Real Estate Agency. The price falls are spread across the market, thought the luxury real estate sector has been relatively stable. The company used date collected from 2006 to 2009 and is regarded as one of the best and

The African island nation of Cape Verde saw a 6.5 percent increase in the number of tourists visiting in 2008. That good news is according to the National Statistics Institute (INE), and it comes as the international economic crisis has taken a bite out of many popular holiday destinations.   Cape Verde’s hotels saw approximately

Several property markets in Indonesia’s capital city of Jakarta did surprisingly well in the fourth quarter of 2008, according to reports from property analyst DTZ. The office market had an average occupancy rate of 91 percent, and the high-end residential market also did well.   Due to the limited supply of condominiums in the city,

The Murdeira Beach Resort is a new development on the island of Sal in the Cape Verde Islands, off the west coast of North Africa. This new project is the most ambitious development on the islands to date and will have some of the nicest homes in the country. The resort is setting the standard

The Pound has risen against the Dollar and Euro in the last week, as investors have bought up UK bonds and equities, resulting in a demand for the British currency. The ailing Pound has also been helped by a surprise increase in UK house prices, as well as weaker than expected GDP figures released for

The drop of the British pound against the euro is resulting in less Britons visiting Spain, one of the most popular holiday and second home destinations for UK citizens. According to recent valuations, the pound has dropped some 22 percent versus the euro over the past year.   In March, 2008, one euro was worth