Travel and tourism industry contracting in 2009
06/30/2009|10:48:13 AM|4Hoteliers
The Forecast Restatement – Travel and Tourism in a Crisis report gives the latest predictions for recessionary impact on the industry. The report also explores the correlation between global GDP and the worldwide tourism industry.

The worldwide travel and tourism industry was expected to grow by more than 4% in 2009, however the latest forecasts show the industry will in fact shrink with hotels and air travel particularly suffering.

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