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Tourism Looking Bad

Recs

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May 08, 2009 – Comments (2)

CR has a post pointing out the largest decline in history of revenue per room for the hotel industry.

Something that is very different about a world recession then other recessions is that all the conventional ways that an area might try and increase business are competing with everyone else trying the same idea and there isn't a lot of extra revenue around to go after.

BC, with 1% of North America's population, had a micro recession when other places were doing well.   Just tapping in a little all over helped.

I don't see how trying to increase tourism will help with this one because that kind of spending is one of the first things cut and lots of places are competing to increase tourism.

On another point, I think trying to increase exports is going to fall flat as well for the same reasons.

2 Comments – Post Your Own

#1) On May 08, 2009 at 12:39 AM, Option1307 (29.90) wrote:

Hmm, that link doesn't seem to go with your thoughts Dowt...

 Care to post the correct link? I would look but I'm awfully lazy at the moment...

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#2) On May 08, 2009 at 8:29 AM, dwot (97.03) wrote:

I see, here's the correct link for decline in revenue.

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