The United Nations released their prediction this week that tourism is expected to drop 2% this year (minimum) with many insiders predicting that number to go as high as 5%. This all comes from the World Tourism Organization (is there anything those sprites over at the UN don’t do?), which is also predicting that China’s meager figure of 45 million travelers in 2008 is likely to double by 2012, somewhat offsetting the declines by those countries that will be spending the next three years paying off mortgage debts and bank bailouts. Did I tell you how happy I am that I’m a renter?
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