| A
booming economy, the Lewis and Clark bicentennial and the graying of America are expected
to create continued growth in Montana tourism, according to UMs Institute for
Tourism and Recreation Research. The outlook is positive overall for travel in Montana,
especially in the near future, thanks to low unemployment and inflation, as well as growth
in both personal consumption and real disposable income, ITRR Director Norma Nickerson
said.
Nickerson said that since the United States is a country where people have the money
for luxury items such as travel, Americans are traveling more, are traveling by plane more
than in the past, and are traveling to destinations further away.
However, long-term caution is indicated by rising crude oil prices and Americans
habit of spending beyond their means, both of which suggest a future dampening of the
economy.
The Montana Vision Outlook 2000 was published in the February issue of ITRRs
newsletter. It is available at no charge on the Web at http://www.forestry.umt.edu/itrr.
|