Travel News: January 12, 2018

Venice Italy

Italy’s biggest bank to invest 5 billion in tourism
The Local Italy

Italy’s largest bank by assets, Intesa Sanpaolo, has announced a deal with the country’s culture ministry to inject €5 billion into the Italian tourism sector.

A big chunk of that money will be used for restoration and redevelopment projects, making more buildings available for cultural use. The investment will take place over three years in a deal called ‘Pact for Tourism 4.0′ and will also include money for training of workers in the tourism sector, technological innovation, and modernization of accommodation.

Italy’s tourism sector makes up almost 12 percent of national GDP and accounts for 12.8 percent of Italian jobs, according to a study carried out by the Intesa Sanpaolo group. The same data measured 117 million visitors to the country last year, amounting to 403 million total overnight stays.


Cruise Keel laid for first Ritz-Carlton yacht
Travel Weekly

The Ritz-Carlton Yacht Collection, a luxury line launching in late 2019, celebrated the keel laying for its first ship.

Managing director Douglas Prothero and other executives welded commemorative coins to the first section of ship to be lowered into place at the Hijos De J. Barreras Shipyard in Vigo, Spain.

A 298-passenger ship, the first of three on order, is expected to be finished in the fourth quarter of 2019.


Silversea Partners with ORCA for Marine Conservation
Travel Weekly

Silversea Cruises believes in protecting the environment.

Upholding each philosophy is the line’s new partnership with ORCA, a leading marine conservation charity in the United Kingdom.

As part of the collaboration, Silversea will continue to engage with guests as they explore the world’s marine life and also help the organization gather important sightings data of whales, dolphins and porpoises, helping the cruise company contribute to its conservation work.


New Grand Canyon zip-lines soar 1,000 feet at West Rim
USA Today

If you’ve ever imagined flying over a canyon without benefit of helicopter or aircraft, imagine no more.

The people who brought you the Skywalk, that transparent walkway jutting over a cliff at the West Rim, now offer a pair of zip-lines at Grand Canyon West.

Riders soar nearly 1,000 feet above the canyon floor, attaining speeds of 50 mph and more.

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By: Matt Long

Matt has a true passion for travel. As someone who has a bad case of the travel bug, Matt travels the world in order to share tips on where to go, what to see and how to experience the best the world has to offer. Also follow Matt on Twitter, Facebook and

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