The Present And Future Of US Travel

by Andrew Veazey

The recession has taken down all the major industries and its major players. Now they are all eager to spend on the present and future of the industries in order to take wise decisions. US travel industry is one of those.

According to a survey report released by The Traveler Sentiment Index, the US traveler sentiment surprisingly rose to 90.2 percent in February 2009 from 78.2 percent in 2008 October. The decrease in travel rates and increase in affordability of travel is reported to be the key reason for this.

Business travel is estimated to decline by 5.6 percent in 2009.

However, the airlines industry is facing losses due to decrease in its traffic and demand. The losses are reported to increase to $4.7 billions from $2.5 billion, three months ago. This situation is likely to continue for airlines industry for a certain period.

Off all these situations, the federal government reported that the travel industry is likely to slash around 450,000 jobs in 2008-09.


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