Saturday, July 04, 2009

Tourist sector sharply shrank

An Italian financial daily has reported today that people cut expenses for beach holiday this summer. But on Sunday people are crowding beaches which become deserted during weekdays. Although the price of hotels decreased by 40 percent, same Italian towns as Venice, Florence and Rome lost a lot of tourists from 2007 to 2009. Of course unemployment rate rose in tourist sector too. The weakness of U.S. and European labour market, which limits wages and threatens to erode consumer spending, will prolong the recession.

Black Knight Navy members, who Stefano has shown on his blog, are going swimming across the see twice a week.