Word: travelers
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Dates: during 2000-2009
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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...
Washington-watchers expect the TPA to pass the Senate by the end of the year. Once enacted, it will create two new entities - the Office of Travel Promotion and the Corporation for Travel Promotion - to help foreign visitors actually get into the country. The offices will serve as resources for both individual travelers and the travel industry, explaining visa regulations and entry requirements, offering destination data and sponsoring marketing campaigns. Most importantly, by promoting the entire nation - rather than a specific airline or destination - TPA supporters say the bill could entice up to 1.6 million additional tourists to visit America...
...within airfares, Harteveldt is concerned that it could ultimately work against TPA initiatives and "come back to haunt us." But Senator Dorgan counters that $10 is far lower than similar fees - ranging from Ireland's $14 entry tax to the U.K.'s whopping $100 - paid by Americans when they travel abroad. And with a mere 35 countries that would be required to pay the fee, fewer than 30% of foreign travelers will be affected...
...since the U.S. Government first attempted to form an official tourism office. In 1996, under President Bill Clinton, the U.S. National Tourism Organization was launched, only to be abandoned three years later due to inadequate Congressional funding - as were subsequent efforts in 2001 and 2003. But as the 2009 Travel Promotion Act makes its way through Congress, it appears to have garnered enough support to be passed into law - and funded into action. U.S. Travel's Freeman concedes it will probably be another year before the Office of Travel Promotion is fully up and running. But he is confident that...
...duplicate services from fleet maintenance to business class lounges will save the airlines $600 million a year. That'll mean "a strong European airline will able to compete in the 21st century," BA boss Willie Walsh, who'll head the new company, said in a statement. (See the best travel gadgets...