Global travel spending still growing but at a slower pace
NEW YORK (AP) — Global travel spending is still growing, although at a slower pace, despite weakening economies and fears over terrorism.
The World Travel and Tourism Council, a group backed by travel providers with the mission to promote tourism, said in a report Monday that global travel spending for 2016 is expected to grow by 3.1 percent. That is down from a March forecast of 3.3 percent but still outpacing global economic growth, which the group expects to be 2.3 percent.
Macroeconomi
Read more »