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Project targets sustainable tourism development in Vietnam
Monday, June 30, 2008
An 11.1 million USD project to promote sustainable tourism development will be carried out in five poorest provinces of Vietnam.

The targeted provinces, including Cao Bang and Bac Kan in the north, Thua-Thien Hue, Quang Binh and Quang Tri in the central region, have potentials for tourism development.

The five-year project is part of the “Greater Mekong Sub-region Sustainable Tourism Development Project” funded by the Asian Development Bank.

The project will improve tourism-related infrastructures, support pro-poor community-based tourism projects, facilitate private sector participation in tourism marketing and promotion.

It also aims to reduce the rates of poor households, contribute to economic growth, increase employment and promote the conservation of natural and cultural heritage in the beneficiary areas.
Vicky Karantzavelou - Monday, June 30, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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