The Impact of the Recession on the Travel Industry
During the past year the globe has suffered at the hands of the one of the most disastrous financial meltdown in history. Every sector has seen drastic cutbacks as businesses struggle to bare the brunt and keep afloat. Not least affected has been the travel and tourism industry, which has suffered woes due to poor foreign exchange rates for British travelers and tightening purse strings. This article will analyse the impact the recession has had on this industry and provide an insight into what the consumer can expect for 2010.
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