End of duty-free will cost millions in sales

Article Abstract:

Experts are predicting that the European Union's decision to abolish duty-free shopping within its boundaries from 1999 will force travel companies to raise their prices to make up for the profits lost on duty-free sales. The International Federation of Tour Operators predicts that flight costs will rise by $16-24 per passenger. The price rise will affect the number of people taking package holidays in Europe which will affect the economies of southern Europe. European ferry companies, whose duty-free sales amounted to $2.5 billion in 1995, will also be big losers.

All Other Specialty Food Stores, Misc. general merchandise stores, Duty Free Shops, Laws, regulations and rules, Finance, European Union, Duty-free stores

---

Myanmar is leading way with new products and extra flights

Article Abstract:

Myanmar is rapidly becoming one of the most popular tourist destinations in Asia, although awareness of the country among European travel agents remains rather low. Royal Brunei Airlines is planning a weekly service between Brunei, Singapore and Yangon, and may add further services later if demand continues to rise. The growing in popularity of Myanmar may have a negative impact on Thailand.

Myanmar

---

Similar abstracts:

• Abstracts: More competition from rail is hitting hoteliers. A new airline and hotels defy gloom. Hotels offer prices at 1993 levels
• Abstracts: TAT International introduces new products. Riding high. Operational strategies for waterparks and water attractions
• Abstracts: Repeat visitation in mature sun and sand holiday destinations. Advancing Ecological systems theory in lifestyle, leisure and travel research
• Abstracts: Maverick Central is sticking to Thailand. Room glut is good news for agents and clients. Sol Melia is on the rise and rules out recession
• Abstracts: New destinations take bite into NY business. Book well in advance for taste of glitzy Las Vegas. Outlook remains good for confident New York

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.