A chart from a new Commerce Department report explains why the tourism sector isn't growing very quickly in 2011
The Atlantic Wire's Eli Rosenberg reports on new data from the Commerce Department:
A Commerce Department report released yesterday shows that despite seven consecutive quarters of increases, spending on tourism is nowhere near its boom-year highs. In the first quarter of 2011, growth in the sector slowed, a shift attributed largely to higher airline ticket prices. Tourism spending increased just 0.6 percent when adjusted for inflation in the first quarter of 2011 compared to the 2.6 percent in the fourth quarter of 2010.
Read the full story at The Atlantic Wire.