The new year will bring new challenges

Taylor, Ian
June 2009
Travel Weekly (UK);6/26/2009, p15
Trade Publication
In this article, the author discusses the potential impact of value-added tax (VAT) and other tax increases on discretionary consumer spending including travel in the current recession. He comments on the views of Barclays Capital Inc.'s global foreign exchange strategist Adarsh Sinha and the company Oxford Economics' chairman John Walker regarding the worsening effect of recession on the aviation sector. He considers recent fall in travel company share values as the result of affected spending.


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