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World Tourism Grows Amid Uncertainties

By Linda Tancs

The World Tourism Organization recently reported some encouraging news on the status of international tourism.  Amid roiling global markets, the WTO found that world travel grew at a rate of about 5% during the first four months of this year, up 1% long term.  Summer travel in the northern hemisphere will dictate whether the uptick holds at year-end.  Not surprisingly, the U.S. sported a double-digit increase in tourism, thanks in no small part to the declining dollar.  Tiger economies are enjoying a surge in inbound travel as well.  On the other hand, Europe’s numbers are lagging except for the ever-popular southern and Mediterranean destinations.  Overall, the WTO remains cautiously optimistic, so why shouldn’t we?

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