TITLE

DEVELOPMENT DRIES UP DUE TO FUNDING CRISIS

AUTHOR(S)
Taylor, Ian
PUB. DATE
May 2009
SOURCE
Travel Weekly (UK);5/29/2009, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Proceeding
ABSTRACT
Information is presented on the World Travel and Tourism Council (WTTC) summit that was held in Brazil. The event focused on the lack of funds for the development of resorts due to the global financial crisis. At the event, Santander Group senior executive vice-president Jose Berenguer said that there is a lack of capital to develop resorts, with the declining long-term investment in many destinations.
ACCESSION #
42982481

 

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