‘93/’94 Year-End Review and Outlook : Industry Outlook : Continuing low-grade growth in the national economy, coupled with hopes for stability--if not expansion--in California, is the backdrop for the year in business. Here is an assessment of key industries’ prospects.
This report was compiled by Times staff writer Donna K.H. Walters
TRAVEL-TOURISM: Spending on travel could grow 4%, a full percentage point improvement from 1993. To partake in the growth, hotels, airlines and car rental agencies will have to offer discounts and deals to cost-conscious consumers.
