The Downfall in the Tourism Industry

There is no argument over the fact that the horribleare forced to find ways to cut their costs so that
act of terrorism that occurred on the 11th ofthey can compete and stay in business.
September, 2001, impacted many people's lives inWith many expenses on the rise, combined with the
untold ways. Many businesses and industries wereweakening of the dollar, many in the travel and
affected. One of the industries that felt an immediatetourist industry are struggling to find ways to reduce
negative impact was the tourism industry, not only intheir overhead and cut their operating expenses so
the US but in many parts of the world.that they can offer people the cheap vacations that
As well, it seems that just as the tourism industrythey are looking for these days. While this makes for
had begun to recover somewhat, war broke out asdifficult decisions, it seems that cuts will be necessary
a consequence of the attack of 9-11. This turn againin order to stay in business in this economic
made people think twice before planning vacationenvironment and to attract the consumers who are
time travel, especially abroad. In addition, there hasdemanding special deals.
been a shift in attitude toward Americans in manyMany are simply not able to fit travel costs into their
parts of the world, which has made travel andbudget, unless they are able to find deeply
tourism to these locations less desirable.discounted vacation deals and downright cheap
In more recent months, the tourism industry hasvacations. And, rather than have hotel rooms sitting
once again found itself battered with the onset of aempty and putting planes in the air with empty seats,
recession and rising fuel costs. Since the majority ofmany hotels and airlines are offering incredible
vacation travel slows down when people have lessdiscounts, especially for those who are traveling at
discretionary income to spend on leisure activities,the last minute.
there has naturally been an increase in peopleIn fact, in many cases, if you have some flexibility in
canceling their vacation plans.when you can take your vacation, then waiting until
Others are still determined to make the most of anythe last minute might actually be the best way to
vacation time that they have and are looking forsave big bucks and get the absolute best vacation
discounted deals or are changing their plans, fromdeals. Don't expect the travel and tourism industry to
taking more distant trips and staying closer to homebroadcast this information, but the bottom line is that
instead. This means that many factions of the touristthey would rather get 30% of their standard rate
industry are competing harder over fewer travelthan not sell the airline seat or book the hotel room
dollars and the many hotels, airlines, car rentalat all.
agencies, and other companies that cater to travelers