Spain: the Court of Auditors expresses reservations on the multiplication of port investments.

The Court blames ports for not carrying out realistic studies of the real demand underlying every new infrastructure work. It demands the definition of a clearer national strategy and control mechanisms. The response to market demands must be analysed more deeply from a national perspective and not port by port. The Court does not recognise a direct correlation between infrastructure expenditure and efficiency gains. Continue reading

The impact of the Belt and Road initiative on China’s cruise industry

The Belt and Road initiative is a new vision and represents a new direction for the country’s tourist development. Covering 80% of the world’s cultural heritage sites, over 60 countries and 4 .4 billion people, the initiative will generate major growth for the Chinese cruise tourism economy. Continue reading