C9 Hotelworks Logo Hospitality Consumlting

Oil Crisis Could Derail Tourism

Author: Bill Barnett. Category: Tourism. Posted: 24th Jun 2014

map location

For Asian's the current Iraq crisis seems a world away, but in a global world that links around the world, external events continue to create domino a effect.

One key insight of the Iraq situation is that the country is OPEC's number two ranked oil supplier. Any disruption in supply can have a profound impact on broader oil prices.

Crude oil prices are already set to breach USD110 a barrel, and in the case of a long-term conflict could eclipse USD140.

For tourism oil prices drive airline seats up in cost and for hotel developers construction costs for new properties rise.

Talk to C9 today and fınd out how we can help you.

Telephone: +66 (0)76 271 535 | Email:

Skype: C9Hotelworks, or go to our contact page.

Latest Book Releases from C9 Hotelworks' Bill Barnett

C9 Hotelworks Founder and Managing Director Bill Barnett is a noted columnist, author and leading authority on travel trend, hotels and property.

View all the books from C9

Contact Us

Telephone: +66 (0)76 271 535
Email:
Go to our contact page.