Skip the hot and sticky weather this summer by heading to these six cities with reliably cool temperatures as well as interesting cultures and attractions. (Photo: Getty Images) https://t.co/RS6DFgH9NM https://t.co/TUkmhO1aLN ...

Countries from Portugal to Italy to Japan are up in arms about overtourism. But, as @hchuaeoan notes, it's been a problem in Europe for at least 700 years. What can be done? (via @opinion) https://t.co/JpKxJ96Ebw ...

Industry Overview - Singapore's Raffles Place hosts numerous money changers despite the prevalence of digital payment apps [1][2] - These money changers facilitate the exchange of approximately 150 global currencies daily [2] Demand Drivers - Tourism, especially during summer school vacations, fuels demand for cash due to Singapore's proximity to popular destinations like Thailand, Vietnam, and Bali [4] - Rising wealth enables more people to travel to places where cash is still preferred for transactions like food and tips [4] - Some businesses, such as shipping companies, require cash to pay staff salaries [3] Competitive Advantages - Money changers offer competitive exchange rates [5] - Many individuals, including sailors and tourists, prefer the security and tangibility of cash [5] - Money changers cater to needs beyond typical transactions, including YouTube money, hotel transfers, and flights [3]

We're going to start with closing our eyes. Think of Jamaica. What is the first thing that comes to mind.Are you picturing rolling green landscapes, crystal clear waters, white sandy beaches, maybe palm trees swaying in a nice cool breeze. Maybe even a thatched roof wooden structure sitting in the sand. Now open your eyes.If you thought of any of these things, you're not alone because tourism, media, and postcards as part of it have taught us that this is the only Jamaica. But what about this image. Do you ...

Canadian Tourists To The U.S. Down Nearly 40% In May, New Data Says https://t.co/yYmQMvHAjd https://t.co/s3vjoY9bKf ...

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Hong Kong Economic Outlook - **Key Focus**: Economic growth projections, trade dynamics, financial sector performance, and tourism recovery Core Insights and Arguments 1. **Upward GDP Revision**: The GDP growth projection for 2025 has been revised up to 2.2% from a prior projection of 1.0%, surpassing the current market consensus of 2.0% [1][4] 2. **Strong 1Q Growth**: Hong Kong's GDP growth accelerated to 3.1% year-on-year in 1Q25, compared to 2.5% in 4Q24, marking the fastest sequential expansion since 1Q23 [2][4] 3. **Investment Growth**: Key supporting factors for the strong 1Q growth include improvements in investment growth and net service export growth, particularly in machinery, computer, and software investments [2][11] 4. **Financial Sector Momentum**: Despite the April tariff shock, financial sector activity has shown significant improvement, which is expected to support overall growth into 2Q25 [3][21] 5. **Tourism Recovery**: The May Golden Week holiday saw the highest daily visitor arrivals since the COVID shock, with nearly 20% growth in visitor arrivals, indicating a recovery in tourism [3][23][26] 6. **Tariff Risks**: Despite the positive outlook, growth is projected to moderate due to elevated trade tariff uncertainties, with significant risks tied to US-China trade talks [4][40] Additional Important Insights 1. **Interbank Rates**: The 3-month HIBOR fell to 1.37% as of May 26, down from 3.99% at the end of April, which is seen as positive for the economy, particularly for interest-sensitive sectors [6][40] 2. **Domestic Consumption**: Outbound consumption has shown signs of slowing, while inbound consumption is picking up, suggesting potential for domestic sector recovery if visitor numbers continue to rise [3][19][28] 3. **Investment Trends**: There is a noted stabilization and uptick in investment in machinery and equipment, which is crucial for supporting economic growth [13][11] 4. **Economic Indicators**: The report includes a summary of macro indicators, showing a projected real GDP growth of 2.2% for 2025, with private consumption expected to grow by 2.0% [8][4] This summary encapsulates the key points discussed in the conference call regarding the economic outlook for Hong Kong, highlighting both opportunities and risks in the current environment.