Market Report, "Travel and Tourism in the US", published
The US economy is slowly recovering, with real GDP growth of 3% in 2010 and 2% in 2011. Likewise, travel and tourism experienced continued growth, but at a slower rate in 2011 than in 2010. Hotels saw occupancy rates rise in 2011, and were also able to increase room rates. Most airlines were able to make a profit in 2011 by keeping capacity low and raising fares. Travel and tourism saw an increase in sales in 2011, despite high unemployment...
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