Advito 2014 Industry Forecast December update

Global economic growth will be stronger in 2014 as advanced economies continue to recover. But that recovery won’t translate into an across-the-board uptick in airfares and hotel rates, according to a 2014 Industry Forecast update released this week by market-leading consulting firm Advito.

City guide: Santiago

Santiago, Chile’s capital and largest city, is rich with natural beauty, history and local charm. Walk through its barrios, and you’ll find cutting-edge art galleries, fashionable boutiques, knock-out restaurants and thriving international businesses—all of which draw visitors to this Latin American metropolis.

Market monitor: Turkey

Turkey learned from its severe fiscal crisis in 2001. Since then, the country’s fiscal and free-market overhauls have ushered in nearly uninterrupted expansion while lowering debt. The reforms, combined with foreign investment, pushed gross domestic product growth to a peak of 9.2% in 2010. In 2011, growth was 8.2%, and in 2012, it registered a much more modest 3%.

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