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Australia: Sentiment about domestic tourism is at lowest point in 3...

Australian tourism operators are the gloomiest they have been about the industry in three years - especially those in rural areas.

2008 is bumpy for US hotel business

Los Angeles, California (eTN) - At the Americas Lodging Investment Summit (ALIS) held last week in L.A., top hotel experts forecast industry meltdown in the days of the current, or impending recession. Main implications for 2008 show occupancy rates; average rates and revenues softening moderately in the US, according to the Oxford Economics.