Yes, the global recession has caused an enormous fall in the amount of extraneous spending consumers engage in, and this has had a huge effect on the tourism industry internationally. India, for example, reports falls in its tourist count by 20-30% in 2008. More evidence for the decline in international travel caused by the recession is the decline in airline fares in the past year, as many carriers try to maintain their customers with special discounts and deals as well.
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