Americans have become more conscious over their spending. They are no more the world’s lavishly spending people. They have plunged into the latest trend of cost conscious thing. And this is where people all over the world, who depend on America, are struggling.
Especially, the travel and tourism industry is suffering the most. American visitors are very pleasing visitors in all the parts of the world with their spending habits. They are the favorites of all those countries, which generate very good amounts of money from tourism.
And all these countries are now facing severe crisis of income due to lack of abundant American tourists. Italy is facing a 20 percent decline in the number of American visitors in the past year, according to tourism agencies. The recent shuttering of two-decade old offices of American Express in major tourist cities, serves as a good example for the situation.
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