Oil Spill to Cost Gulf Region $22.7 Billion

Oil Spill to Cost Gulf Region $22.7 Billion

The Gulf Coast region stands to lose $22.7 billion in travel-related revenue over the next three years due to the BP oil spill unless federal authorities act swiftly to promote the area, says the U.S. Travel Association. To offset the damages, U.S. Travel plans to lobby congress to set aside $500 million for tourism marketing in the area.

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