Bhutan may revise its Sustainable Development Fee if travel picks up

Bhutan may reconsider its controversial $100 daily tourism fees if the country’s tourism industry recovers soon, Bhutan’s Prime Minister Tshering Tobgay told CNBC on May 10. But the fees are likely to go higher, he said. Bhutan reopened its borders in September 2022 with an increased “Sustainable Development Fee” of $200 per person per day … Read more

Housing experts revise mortgage rate forecasts for remainder of 2024

At the beginning of the year, housing experts and homebuyers looked forward to better buying conditions — interest rates were poised to drop, a shift expected to free up inventory and cool surging home prices. That outlook has mostly changed. Nearly halfway through 2024, the highly anticipated interest rate cuts have yet to happen, home … Read more