Tourism 2010 Forecasts

The U.S. Travel Association released their forecasts for the US tourism industry in 2010. According to their economist Suzanne Cook, Ph.D., the economy is officially expanding again.

Based on initial estimates, the U.S. economy grew at an annual rate of 3.5 percent during the third quarter of 2009, slightly beating economists’ expectations. Real GDP growth has not been positive since the second quarter of 2008.  She stated that better economic performance is expected in the months ahead, but the recovery is likely to be quite weak in 2010.

For details see this press release.

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