Tourist Industry Losing $50 Million A Day
Louisiana, Mississippi, Alabama take huge revenue hit in wake of Katrina
Tourist-dependent industries in Louisiana, Mississippi and Alabama are losing $50 million a day in revenue because of Hurricane Katrina, which the main U.S. travel industry body has declared the worst natural disaster to hit the nation's travel sectors.
The Travel Industry Association of America said the effects of Katrina would cut heavily into the revenues generated by the region's tourism-related businesses. Last year, the area generated an estimated $18.3 billion. TIA estimates that 260,000 jobs in the Gulf coast rely on tourism.
"Tourism in the region tends to be concentrated along the coast, so the travel industry will be disproportionately affected," said Allen Kay, of the TIA.
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Source - MSNBC
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