The global travel industry has been hit hard by the recession and economic turmoil globally. But this is not going to stop here. There are still bad times ahead for the industry ahead.
According to the travel trends report of ITB world, 2009 will be the year of stagnation for travel industry globally. The bad times which started and are going on for the travel industry are going to stay for at least two more years ahead.
The recovery might take a little time, and also depends upon the region. The ITB report said that for Asian-Pacific and South American regions, the recession may impact only till the end of this year. Europe would might also do well, but not as much as the above two regions.
The nations which are not entirely dependent on travel industry might not bother much about it because it is just some additional income. But for the nations which mostly depend on this industry, it would be tougher times.
According to the travel trends report of ITB world, 2009 will be the year of stagnation for travel industry globally. The bad times which started and are going on for the travel industry are going to stay for at least two more years ahead.
The recovery might take a little time, and also depends upon the region. The ITB report said that for Asian-Pacific and South American regions, the recession may impact only till the end of this year. Europe would might also do well, but not as much as the above two regions.
The nations which are not entirely dependent on travel industry might not bother much about it because it is just some additional income. But for the nations which mostly depend on this industry, it would be tougher times.
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