For Affordable Place To Stay Book Now. Cheap Hostels & Budget Hotels With No Booking Fee, Save Money on Budget Accommodation Worldwide.
Group Accommodation Add Your Property

hostels247 > All news
22 January 2008

Will the budget travel market weather the world economic down turn? The answer is probably yes.

The Fed, the US central bank, is trying to keep the US economy from slumping into recession and US and European stocks took heart from the move.

US President George W Bush has said that emergency economic measures will be passed soon.

The Fed's interest move came as a complete surprise, as it was taken a week before its rate-setting Open Market Committee meeting scheduled for 29 and 30 January.

It came after huge declines in shares across Asia and Europe on Monday, with London's benchmark FTSE 100 suffering its biggest one-day fall since the attacks of 11 September 2001

How this will affect ordinary men and women is yet to be seen, but one thing is for sure people are going to be more careful with their money, this will mean a drop in the sales of luxury item and services and a sharp increase in people using budget accommodation like cheap youth hostels and discount hotels and cheap air fares.

Choose Location :
Choose Arrival Date :
Date Nights: Guests:
Country or City :
Hostel name :
Happy Birthday Eiffel Tower Eiffel Tower is 125 Year Old today. It was only meant to stay erected for 20 years, and here we are today, over a century later celebrating a mile stone birthday for the Eiffel Tower in Paris France, Today marks the 125th ... read more  

Happy Chinese New Year

Gong Xi Fa Ca Happy Lunar New Year Gong Xi Fa Ca Happy Chinese New Year Gong Xi Fa Ca, the traditional Chinese New Year Greeting which means “wishing you prosperity” in Mandarin. Today the 10th February 2013 is the first day of the Chinese Lunar ... read more  

Beijing To Guangzhou As Fast As A Bullet

China Bullet Train High Speed Trains Have Brought The World Closer Together In a modern world there is no avoiding travelling, from going to the shops, work or travelling on Holiday. One of the major factors that decide how we travel is the time ... read more  

Making Light of Travel

Use Carry on Luggage Only when flying budget air lines Travel Light & Save Money on Extra Charges For Checked in Luggage. Since the introduction of budget airlines and the increased number of good quality budget accommodations like cheap hostels, bed & breakfast and ... read more  

London 2012 Paralympic Games Opening Ceremony

London 2012 Paralympic Games London 2012 Paralympics Opening Ceremony The London 2012 Paralympics opened this evening with a spectacular Opening Ceremony, a worldwide audience of millions watched on TV and 60,000 people were at the Stratford Olympic ... read more