Global tourism industry struggles as recovery is slow

08/18/2009 |

The tiny Italian island of Capri is known as a playground for the rich and famous, but the tourism industry on the island is suffering this year as a result of the global economic downturn. Capri is emblematic of vacation destinations around the world as travelers spend less, take shorter vacations and stay closer to home. In the first six months of 2009, hotel occupancy rates were down in the U.S., Europe, the Asia-Pacific region and the Americas, according to STR Global data. Meanwhile, a World Tourism Organization report predicts as much as a 6% overall drop in tourism this year.

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