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Long-Haul Price Rises Could Push European Tourists Closer to Home

by Yuri Brixenmortar 11. March 2011 12:16
The crisis in the Middle East, whilst bad for political and economic stability in the world economy, is certainly benefiting one industry: European tourism. With the economic crisis in the EU, the collapse of many key European real estate markets and the emergence of new growth economies further afield, many investors had begun to feel as if Europe was a dead market. However, with previously booming property markets like Egypt and the UAE now floundering, perhaps speculators are beginning to see that there is in fact comfort in the familiar. Now comes the news that oil price rises are continuing to push up long-haul airfares, meaning the cost of going somewhere new and exotic for many European vacationers is becoming increasingly out of ... [More]

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Yuri Brixenmortar

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