MarketLine Blog

Posts about Tourism

South Korea and China: WTO complaint must be resolved swiftly and amicably

MarketLine

In July 2016, American and South Korean military officials agreed to deploy the Terminal High Altitude Area Defense (THAAD) missile defense system in South Korea. China was unimpressed, seeing the move as an act of aggression and intimidation by the US close to its borders, as well as citing concerns that it could interfere with the efficacy of its own military capabilities. On March 20, 2017, South Korea complained to the WTO that China’s unease with the THAAD situation has caused it to retaliate economically, although it was keen to… Read more

School Holiday Price Hikes: Families exploited by unfair system

MarketLine

UK holiday companies are renowned for raising prices in school holiday periods. Significantly raising prices during these times allows prices to remain low for the rest of the year. As such, while certain consumers bear the brunt of this with prices rising by as much as 115%, others can reap the benefits. The travel industry in the UK is intensely competitive. The traditional model of a high-street operator selling holidays face-to-face at a heavily marked up price is no longer feasible. The surge of online travel companies offering package holidays… Read more