Just recently the travel industry saw the fall of one of the leading luxury chalet operators: Descent International. The company which offered high-end luxury chalets in Switzerland and lavish ski holidays in France has announced that it has gone into voluntary liquidation.

In June, 2008, when New York City was celebrating another record year for tourism into the City, Mayor Michael Bloomberg was quoted in the New York Sun, "We don’t want to have more taxes that would hurt the economic well-being of this city. For example, a tax on tourists is a terrible idea. We desperately need tourists from around the world. … Killing the golden goose is not a smart thing to do."

Airlines are hurt by the decline travel to Mexico due to swine flu travel advisory. Pork prices are hurt because of the swine flu name associated with pork meat. A list of industries are hurt by the growing fear of swine flu. VOA reports on the price decline in the range of industries.

Travel industry analysts say that along with economic sanctions and diplomatic condemnation, the political unrest in Burma has brought an end to what might have been a record year for tourism spending. Travelers in Southeast Asia have taken Burma off their itineraries following the recent events there.

Bangalore, June 5, 2007- FlightRaja, an innovative travel services company and India's largest domestic ticket services provider, today announced that it has raised an investment of $5 million from NEA Indo US Ventures, a venture capitalist firm.

Over 100 million Europeans Accessed a Travel Site in March 2007