Tourism and the Gulf Coast
For people that are interested in business news, there is something on the horizon that could make you too depressed to work on your home business. It’s called Hurricane Gustav and if things go in a way that is extremely poor luck for the American business community, we could see devastation to the Gulf economy once again.
The first place that this devastation could fall is in the tourism sector and there are many reasons for this. The first is that there are many residents already vacating the gulf coast even though an evacuation hasn’t officially been called yet, the details of which can be found at this website. With so many people leaving the gulf coast, it’s very unlikely that the coast will be able to capitalize fully on the peak period of its tourism year.
If we’re lucky in the business world, the hurricane will be dealt with in a competent way and tourism will be back to normal within a week of the hurricane hitting. If we’re not lucky however, there could be devastation on a large scale and at that point no business plan will be able to salvage this quarter for the gulf tourism industry. That could cause a downturn in a sector of the market and as we of course know from the last two years, downturns tend to be infectious in the modern economy.
[...] Tourism and the Gulf Coast [...]
[...] Tourism and the Gulf Coast [...]