Travel and Tourism: An Overlooked Industry in the U.S. and ...

travel and tourism output usually did not fall any more than the overall economy. Indeed, travel and tourism output continued to rise in the 1990-91 recession and during the recessions of the 1950s and 1960s. One explanation given by researchers for why travel and tourism activ-ity has held up—or even grown—during economic downturns is that, ................
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