Word: drop-off
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Indeed, while annual international travel has increased, from 124 million global travelers in 2000 to 173 million last year, annual overseas visits by foreigners to the United States have ticked down, from 26 million in 2000 to 25.3 million in 2008. The absolute drop-off seems small, until you consider that it has cost the country an estimated $27 billion in lost tax revenue over the past decade. With unemployment levels now topping 10% in the U.S., the economic benefits of foreign travel have never been more urgent, yet visitors have never been scarcer. "We're welcoming fewer and fewer...
Although the stock market has rallied since March, that doesn't appear to have restored confidence among workers. "It was such a dramatic drop-off in March that even the recovery in the market since then has not fully made up for the losses people have taken in their retirement plans," Thompson says. Also, home values and unemployment have continued to worsen, he notes...
...Gist: It's the small silver lining to the twin scourges of high gas prices and economic turmoil: traffic congestion has eased. But only a little. One of the nation's most comprehensive studies of traffic delays and "urban mobility" found a slight drop-off in traffic tie-ups in 2007, the latest year for which data are available. In its study of 439 urban areas around the country, the Texas Transportation Institute, part of Texas A&M University, found American that travelers are spending about one less hour per year in traffic. But we still spend plenty of time...
...Right now, we're probably 10% to 12% down, which I think is amazing considering how tough business is these days," Hoeveler says. But even a 12% decline is an improvement from the 20% drop-off he was predicting earlier in the registration period. "I think people are just waiting on the sidelines, wanting to sign up," he says. "They're just waiting for the right time...
...this chart shows, the severe drop-off in demand has been punishing. But with technology advancing - and computers aging - the seeds for a replacement cycle are in place. Morgan Stanley's analysts expect the up cycle to start in the consumer segment of the market in the final quarter of 2009, then move on to small-business buyers and finally big corporate buyers in the second half...