期刊名称：Annals of the University of Oradea : Economic Science
印刷版ISSN：1222-569X
电子版ISSN：1582-5450
出版年度：2009
卷号：XVIII
期号：02
出版社：University of Oradea
摘要：We have seen over the years that economic business cycles are almost perfectly correlated with
tourism growth rates.When economies grow, personal incomes rise, allowing for discretionary income
spending on Travel & Tourism. In recent years, according to the United Nations World Tourism
Organization (UNWTO), while the world economy grew at approximately 4 percent annually, this was
outpaced by growth in international tourist arrivals reaching about 6.5 percent per year. On the other
hand, with nations facing a global credit crisis, fluctuating stock markets, erratic fuel prices, and a global
recession, people and businesses are beginning to reduce travel and businesses are scaling back their
travel budgets. In an interview with Global Insight, Doug Shifflet notes that, while the slowdown in air
travel will vary by traveler type and purpose, businesses in particular are likely to continue to reduce
travel budgets in 2009.
Against this background, the Travel & Tourism industry will certainly navigate yet another perfect storm
in 2009.
关键词：Tourism sector, financial crisis, global recession
