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Oil Crisis Could Derail Tourism

Category: Tourism, Posted:24 Jun 2014 | 06:33 am

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.

Other News

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Not Another Friday. A Video Extravaganza

Category: Hotels|Tourism, Posted:28 Oct 2021 | 19:34 pm It’s nearly November and Thailand is preparing for a massive reopening of international travel. As the country’s hospitality industry waits in anticipation and a certain level of angst, let’s take a few moments to check out a series of new event videos from C9 Hotelworks and Delivering Asia Communications. See you on the other side, […]
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Cambodia Business Briefing – What Comes Next?

Category: Hotels|Real estate|Tourism, Posted:19 Oct 2021 | 08:13 am Hotels, tourism, and real estate are featured in next week’s virtual event – Cambodia Business Briefing. Organized by C9 Hotelworks and Delivering Asia Communications, the session will be on Tuesday 26th October, 3:00 pm Phnom Penh/Bangkok Time | 4:00 pm Singapore/Hong Kong. Cambodia remains one of Asia’s top-up and coming marketplaces. Pre-pandemic, its pace of […]
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PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]