Tourism group lowers outlook for travel industry

The World Travel & Tourism Council says it maintains an optimistic outlook on global travel despite slightly downgrading its growth prediction for the industry. The group lowered its 2012 forecast to 2.7 percent from the 2.8 percent predicted earlier in the year, mainly due to a 0.2 percent decline in its global GDP growth estimates this year. Read the TravelPulse story here.

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