U.S. spending on travel, tourism dropped 5.9% in first quarter
June 18, 2009:Inflation-adjusted spending on travel and tourism in the U.S. declined at an annual rate of 5.9% in the first quarter after falling 6.9% in the first quarter, the Commerce Department’s Bureau of Economic Analysis said.
The agency’s quarterly snapshot on tourism and travel said inflation-adjusted spending on passenger air transportation continued to contract — 5.8% in the first quarter of 2009. That’s the sixth consecutive quarterly declines.
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