>> Thursday, June 12, 2008
Though arrivals to Cancun increased in May, the unfolding and permanent end of cheap oil will reshape tourism, with significant economic impacts as fewer travelers visit destinations in the Yucatán and the rest of the world:
NEW YORK (CNNMoney.com) -- As the battered airlines cut flights to save on fuel-related costs, passengers can bid bon voyage to discount flights to sunny vacation destinations like Florida, experts say. . . .
"Leisure markets, particularly Florida and other family-oriented destinations, will feel the pain due to the price sensitivity of the typical consumer," said Joe Schwieterman, a transportation expert at DePaul University in Chicago.
Analysts said that other discount destinations, such as Las Vegas, Cancun and Honolulu, could become the next casualties of the dramatic increases in jet fuel prices.