Global Tourism: Black Clouds with Silver Linings
Written by: Michael Nowlis on 9 June, 2009
Tags: airlines, crisis, cruises, economy, hotels, United-States
Stormy Skies on the Horizon The global economy has fallen off a cliff and no one is sure when it will hit bottom. According to the International Monetary Fund (IMF), the world’s advanced economies experienced an unprecedented 7.5% decline in real Gross Domestic Product (GDP) during the fourth quarter of 2008. The IMF projects a [...]
