http://online.wsj.com/article/SB123620554538133281.html

Travel executives say high-end business meetings and incentive trips, some of which have been maligned by Congress and Mr. Obama as ill-advised and wasteful, are the lifeblood of the $740 billion industry, creating more than $100 billion in spending and one million jobs.

In February, Mr. Obama rebuked financial institutions, saying, "You can't take a trip to Las Vegas or down to the Super Bowl on the taxpayers' dime.'' Industry executives say there has been a wave of trip cancellations by corporations worried about "bailout backlash." Among them: Wells Fargo & Co., which got $25 billion in government money, recently cancelled plans to send 40 employees to a Las Vegas conference.

Geoff Freeman, the travel association's senior vice president for public affairs, said the group is soliciting 60-second video auditions from industry employees, seeking a "face of the industry."

To top it off - it didn't help that Joe Biden stated that he and his family didn't want to travel on airplanes due to Swine flu!

 

3 Comments on How Obama Killed the Travel Industry

MAY
20
109,229 Points

He seems to be on a roll. He is too focused on the automobile and banking industry.

8:23am • #1
100,114 Points

I have read several articles how companies are to cancel on sending their people to conventions to save money. BAd news for Vegas and Phoenix

8:34am • #2
186,955 Points 1 Featured Post

Sending people on business trips can help business grow especially in today's Information Age.  The convention may be a talk on new technology that will save businesses more money in the long run.

What?  Does Joe Biden and his family fly in Coach on Commercial Airlines?  How idiotic of a statement!! 

9:02am • #3

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