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Tourism News GBTA Predicts Rising Oil Prices Would Slow Business Travel Growth -- Short -term oil price spikes could chill the growth in business travel spending but would not cause a decline, according to new research from the Global Business Travel Association Foundation (GBTA). The research identified scenarios in which oil prices would remain above $125, $150 and $200 per barrel throughout 2011, with prices returning to a baseline level by 2013. It found that business travel spending and, to a lesser extent, the number of trips taken, would continue to grow in all of these situations -- but also that high oil prices would take a substantial toll on the rate of projected business travel growth over time. Oil priced at $125 per barrel would result in a reduction of nearly $5.8 billion or 1.5 percent in total U.S. business travel spending and roughly 700,000 trips forecast between 2011 and 2013. To find out more, visit www.travelpulse.com /gbta- predicts - rising -oil- prices - would -slow- business - travel - growth.html Spending by Overnight Canadian Visitation Shows Large Increase in 2 nd Qtr. 2010 -- Canadian visitors to North Carolina April through June of 2010 spent over $39 million in the state, according to recent data received from Statistics Canada. This was up 10.9 percent from the second quarter of 2009. N.C. ranked 11th in total visitation by Canadian visitors to a U.S. state during the second quarter. For the first half of 2010, there were approximately 222,700 overnight Canadian visitors to the state, spending over $56.2 million. The majority of Canadian visitors during the first half of 2010 were from Ontario (60 percent) and Quebec (26 percent). Most trips were leisure in nature, with 78 percent of visitors traveling to North Carolina for vacation or to visit friends and family. The average length of stay per visitor party was 3.2 nights. TripAdvisor: Family Holidays on the Rise for U.S. Travelers — The majority of U.S. travelers are making plans for family trips in 2011, according to a recent survey released by travel site TripAdvisor. Of the 1600 site users from the U.S. that took the survey, 83 percent said they will go on family holidays this year, 4 percent more than in 2010. Most of the U.S. tourists are quite optimistic in what the 2011 travel budget is concerned. Nearly 80 percent or those traveling with children plan to either spend as much as last year or more during their holiday. Families who want to cut down costs, about 26 percent of respondents, plan to take their vacation while school is still in session Attachment number 1 1 -2 Page 370