Downturn forces Lonely Planet to shed staff.

Australasian Business Intelligence, June, 2003

Jun 01, 2003 (The Age - ABIX via COMTEX)

Melbourne-based travel guide publisher Lonely Planet is to retrench up to 80 full-time staff. The company blames the impact of severe acute respiratory syndrome (SARS) on the Asian tourism market for the move. The number of Australian tourists travelling overseas has fallen from 295,325 in March 2002 to 255,763 in March 2003, according to Australian Immigration Department figures. Lonely Planet had 99 titles and sales of 90,054 in the first quarter of 2002. In the corresponding period for 2003, there were 86 titles and 73,187 total sales.

Publication Date: 31 May 2003

LONELY PLANET PUBLICATIONS PTY LTD: 

AUSTRALIA. DEPT OF IMMIGRATION AND

MULTICULTURAL AND INDIGENOUS AFFAIRS

By...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.