Travel Slump Seen Extending Into 2002

In another report on the travel downturn, the Travel Industry Assn. of America said it expects that the close of 2001 will see 3.5% fewer Americans having traveled this year than last within the U.S, and spending will have dropped by 7%, or $33 billion. About 13% fewer foreigners will have visited than last year, spending $9.2 billion less, according to TIA projections.

For next year, the organization projects a “slight increase” in domestic travel from this year but expects spending to be $27.4 billion below that in 2000.