Travel Predictions for 2008
Times will be great during 2008
Happy New Year to all! Yes, tightening credit conditions are expected to make times more difficult for small business entrepreneurs and home equity loans will continue to be troubled as the housing recession might continue into 2009. The current credit crunch, which began in August of 2007 with sub-prime mortgages, will continue to impact the economy well into 2008. The increasing price of gasoline will be of concern to businesses in 2008. With prices now hitting $100 a barrel and almost $3.50 a gallon, proximity to attractions and demand generators will be of increasing importance for hotels. But it is not all bad news!
