{"id":13335,"date":"2024-06-21T18:28:24","date_gmt":"2024-06-21T18:28:24","guid":{"rendered":"https:\/\/bigjimindustries.com\/wordpress\/?p=13335"},"modified":"2024-06-27T18:30:40","modified_gmt":"2024-06-27T18:30:40","slug":"beautiful-americans","status":"publish","type":"post","link":"https:\/\/bigjimindustries.com\/wordpress\/2024\/06\/21\/beautiful-americans\/","title":{"rendered":"Beautiful Americans"},"content":{"rendered":"\n

from The Wall Street Journal<\/a><\/em><\/p>\n\n\n\n

Europe Has a New Economic Engine: American Tourists<\/h1>\n\n\n\n

Free-spending visitors are fueling a powerful boom in southern Europe, flipping economic power in the EU. Some economists think it could end badly.<\/p>\n\n\n\n

By\u00a0Tom Fairless<\/a><\/p>\n\n\n\n

\"\"\/
A tourist poses for pictures in Lisbon\u2019s Pra\u00e7a do Com\u00e9rcio, also known as Terreiro do Pa\u00e7o.<\/em><\/figcaption><\/figure>\n\n\n\n

LISBON\u2014The Americans are here, and this sun-bleached coastal city is booming. <\/p>\n\n\n\n

At bars, hotels and restaurants that line winding cobblestone streets, business is so good that Mayor Carlos Moedas recently slashed local income tax for residents. With economic growth of 8.2% last year and a 20% rise in tax revenue from prepandemic times, he\u2019s also made public transportation free for young people and the elderly.<\/p>\n\n\n\n

Centuries-old facades are being polished up after years of neglect. Planning is under way for a new airport, twice the size of the existing one, and for a three-hour high-speed rail link to Madrid in neighboring Spain. The Tribeca Film Festival will come to town this fall. <\/p>\n\n\n\n

Room rates in the city are rising, and tourism investment is flooding in. Gon\u00e7alo Dias, director and co-owner of the Ivens, a $1,000-a-night hotel in downtown Lisbon, said he plans to add a jazz club in the basement. More than half of his room reservations come from Americans. <\/p>\n\n\n\n

\u201cGreat times. The best times for the last 45 years,\u201d he said. \u201cIt\u2019s crazy.\u201d\u00a0<\/p>\n\n\n\n

[ click to continue reading at WSJ<\/a> ]<\/p>\n","protected":false},"excerpt":{"rendered":"

from The Wall Street Journal Europe Has a New Economic Engine: American Tourists Free-spending visitors are fueling a powerful boom in southern Europe, flipping economic power in the EU. Some economists think it could end badly. By\u00a0Tom Fairless LISBON\u2014The Americans are here, and this sun-bleached coastal city is booming.  At bars, hotels and restaurants that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-13335","post","type-post","status-publish","format-standard","hentry","category-culture-art"],"_links":{"self":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts\/13335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/comments?post=13335"}],"version-history":[{"count":0,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts\/13335\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/media?parent=13335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/categories?post=13335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/tags?post=13335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}