The source for all Tourism, Hotel and Real Estate news in Phuket.

Oil Crisis Could Derail Tourism

Insider Story Locations

Find our most recent stories tagged by their locations. Click here for more story locations.

Posted: 24 Jun 2014 | 6:33 am

For Asian's the current Iraq crisis seems a world away, but in a global world that links around the world, external events continue to create domino a effect.

One key insight of the Iraq situation is that the country is OPEC's number two ranked oil supplier. Any disruption in supply can have a profound impact on broader oil prices.

Crude oil prices are already set to breach USD110 a barrel, and in the case of a long-term conflict could eclipse USD140.

For tourism oil prices drive airline seats up in cost and for hotel developers construction costs for new properties rise.

DO YOU LIKE THIS?

Post a Comment

Your comments will appear after approval. Please stay relevant to this blog entry.

 
 
 
 
 

The Green Report

A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:

Khiri Travel Talks Up Green

Thailand-based Khiri Travel will highlight the opportunities of green travel at the upcoming PATA Travel Mart in Phnom Penh.

Two Phuket Resorts Gain EarthCheck Status

Both the Banyan Tree Phuket and Angsana Laguna Phuket resorts have been given EarthCheck bronze status.

 
 
VIDEO FEATURES

Video Update on Bali Tourism

More Videos...

 
 
 

Stay Connected

  • Facebook
  • Twitter
  • YouTube
  • RSS
  • 1Report
  • Follow Us on Pinterest
 
CURRENCY CONVERTER
 

*Disclaimer.

 

Insider Contact

Please complete all fields.