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How Obama Killed the Travel Industry

By
Real Estate Agent with Buyer Broker Chicagoland - CHICAGO IL AND SUBURBS

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!

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Eric Villaverde
DoubleTree Home Inspection Services L.L.C. - Phoenix, AZ

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

May 20, 2009 01:23 AM
Katiejo Franks
Real Estate and Beyond, LLC - Scottsdale, AZ

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

May 20, 2009 01:34 AM
Goodbye Active Rain
Out of Real Estate

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!! 

May 20, 2009 02:02 AM