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News
The international network Radical Storage has compiled a ranking of the cost of short trips in 50 popular European tourist cities, comparing expenses for lodging, food, transportation, and entertainment.
Following the pandemic, the flow of international tourists has shifted toward new destinations. The number of foreign visitors has grown most significantly in Saudi Arabia, Morocco, and Egypt, while a number of popular tourist destinations, including the United States, Thailand, and Italy, have yet to return to pre-pandemic levels.
Turkey turned out to be the most affordable destination among popular European tourist countries. However, it is also the country where travelers will have to pay the most for alcohol. This is the conclusion reached by an analysis by Euronews Business based on Eurostat data.
A medieval estate in Italy with its own winery and views of the Val d’Orcia valley topped the Travel + Leisure ranking.
The Milky Way Restaurant in Vilnius, the capital of Lithuania, serves only wines from vineyards located more than 165 meters above sea level. Guests dining there are at the same altitude.
The supply of tourism services in the Republic of Moldova will suffer, prices for services may rise, and businesses in the tourism and hospitality industries will face additional financial pressure if the standard 20% VAT rate is applied to food service and lodging.
European travelers are shifting sharply toward shorter trips and destinations with milder climates. This is according to a recent analysis by Trip.com Group on trends for the 2026 summer season.
Thailand’s ultra-luxury hotels are becoming one of the most sought-after safe-haven assets in Asia. Investors are snapping up rare hotel properties just as aggressively as they are premium real estate in global financial centers.
The government has approved the National Tourism Development Program for 2026–2029—“Tourism 2029.” A total of 618.2 million lei has been allocated for its implementation. The authorities intend to make tourism one of the drivers of economic growth, capable of attracting more visitors, generating additional revenue for businesses and local communities, and creating new jobs.
The Yerevan City Hall has decided to celebrate Vardavar in grand style—the famous Armenian holiday during which the entire city turns into a massive “water frenzy” and passersby are doused with water en masse. A total of 199.5 million drams (more than $500,000) has been allocated to organize the festivities.
A direct rail line will be built between the two airports in Istanbul, Turkey, separated by the Bosphorus Strait, which will make it much easier to travel when transferring, Logos Press reported.
The CEO of low-cost carrier Ryanair, Michael O’Leary, said there could be disruptions in the supply of jet fuel in early May 2026, which could affect airline flights, Logos Press reported.
