It has been projected that the effects of the BP Oil Spill on Gulf Coast travel will last up to three years and cost the area $22.7 billion.
“History and current trends indicate a potential $22.7 billion economic loss to the travel economies of the Gulf Coast states over the next three years,” said Adam Sacks, managing director of Oxford Economics USA. “One of the most cost-effective ways to mitigate these damages is to immediately fund strategic marketing to counter misperceptions and encourage travel to the region.”
The U.S. Travel Association is requesting $500 million from the government for a marketing program to help tourism in the region. For more details click here