Economy

Mastercard’s new report reveals key tourism trends: experiences over products, growing demand for digital travel, and sustainability as a top priority

Schiphol Airport is set to raise its fees by 41% next year, following a 40% increase over the past three years. KLM warns that this move will lead to higher ticket prices, weaken the airport’s competitive position, and impact the Dutch economy

The week dedicated to innovation in various fields including tourism, health, food, and climate will take place at the end of the month. The tech week entrepreneur told PassportNews: "Excited to contribute to the Israeli economy and assist in its development"

The small city-state has become the most popular tourism destination in Southeast Asia, with the industry contributing more than $66 billion to the country's economy last year. The number of tourists this year is expected to surge by nearly 10% compared to 2019 before the COVID-19 pandemic

According to Ryanair, which has already reduced its operations in several European countries including Spain, Germany, and Denmark, the proposed hike will bring Belgium's aviation tax to 5 euros per departing passenger, a move the company defines as "excessive," especially in light of the already high costs at Brussels airport, which have risen by more than 20% since the coronavirus pandemic

Ryanair: "Belgium is taking a regressive step by increasing taxes on ordinary passengers. This will only further damage Belgium’s air connectivity, traffic, and economy"

Approved transaction of a capital increase of 325 million euros by Deutsche Lufthansa AG to ITA Airways completed: Lufthansa Group holds 41% of ITA Airways shares, expanding its offerings as the fifth airline in the network. Carsten Spohr: “We look forward to continuing the impressive success story of ITA Airways together"

Dubai establishes itself as a global leader in the field, setting a new standard for marine environment conservation. The Dubai Department of Economy and Tourism notes this is a new stage in Dubai’s commitment to global sustainability, for a sustainable future for future generations

Germany is considered one of the most developed and advanced countries in the world with a strong economy that provides a high quality of life for its citizens, including subsidized education and low living costs. This is just a partial list of reasons why we have witnessed a significant increase in the number of Israelis interested in a German passport in recent years. How does the process work? Stay with us. In collaboration with Wagner