Travel News story published on TravelNewsNotes.com on March 30, 2010 See the original online article
It has been signed, but will it get the job done?
Obama signed the Travel Promotion Act and it’s caused quite a bit of controversy among travel gurus.
As a global industry, tourism has increased significantly over the past ten years. But according to the U.S. Travel Association the once-stable tourism industry in the U.S. has plummeted by 17 percent and has lost over 58 million potential visitors since 2000.
That enormous number means an enormous sum of money was lost and just to be precise, that number is $182 billion lost in visitor spending and $27 billion in lost tax receipts. That’s not to mention the 200,000 travel-related jobs that were lost as a result.