Washington, DC - The travel community celebrated a major victory today when President Obama signed into law the first-ever national travel promotion and communications program to attract more international travelers to the U.S. The historic moment, commemorated during a White House signing ceremony, is a major step in addressing America’s decline in attracting overseas visitors to the U.S. during the past decade.

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America extends a heartfelt ‘Welcome’ to the rest of the world,” said James Rasulo, senior executive vice president and chief financial officer of The Walt Disney Company

Germany’s TUI AG – Europe’s biggest tour operator – has held secret talks with banks about an audacious multi-billion pound plan to bid for the 48pc of FTSE 100 holiday company TUI Travel that it does not already own.

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With the economy barely crawling out of recession, a rapid fiscal retrenchment would be treated to a “savage” reaction in foreign exchange markets, according to a new report by strategists at Swiss bank UBS.  Now is porbabley the best time to purchase in the USA, with the low housing prices and the pound set to weaken.

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