Sales Slow but Still Above Post-9/11 Low
From Dow Jones/Associated Press
The U.S. tourism industry slowed in the first quarter, although sales still are above their low point after the Sept. 11, 2001, terrorist attacks.
U.S. tourism industry sales fell at a 3.2% annual rate in the first quarter of this year, the Commerce Department’s Bureau of Economic Analysis said.
Sales fell to a seasonally adjusted $177 billion in the first quarter. This followed a 6.9% rise in the fourth quarter to $178.4 billion, revised from a previous estimate of a 4.6% increase.
