Travel pinched by global financial crisis

Thursday 04th December, 06:17 AM JST

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ThonTaddeo at 09:08 PM JST - 4th December

Blame the airlines -- some of them are still taking the same oil surcharges as they were in the summer when oil cost three times what it is now. The current level (under $50 per barrel) is in line with pre-Peak-Oil-scare norms, and there should be no surcharge at all. Shame on the airlines for not reacting to falling prices sooner. Now they have a chance to lock in these unexpectedly cheap prices for several years to come; I hope they take it.
Asara at 10:15 PM JST - 4th December

Because those tourists money is spent on Bush-War and fat cats bailout behind atlantics so fancy hotels around the world would wonder about it.
rajakumar at 07:27 PM JST - 8th December

Global travel may fall like stock markets that is 30 to 50 percent in income drop. Time for global tourism industry to do promotions of their products at cost price.

Tourism industry needs to pass the time,until finance companies in US/EU recover and tourist start making money. Tourism need to do renovations and other like stuffs in these low occupancy times.