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Obama victory great news for travel industry

Obama’s victory is positive for the travel industry

World Travel Market has revealed that Barack Obama’s victory in the US Presidential election is a positive result for the travel industry.

In the event’s ‘Global Trends Report 2012’ it was reported that a change of administration could seriously alter the current trajectory of relationships with nations such as Cuba, with which the US currently has a widely discussed trade embargo.

Any cruise ship which currently visits Cuba is not allowed to dock in the US for six months.

The report – which was published in partnership with Euromonitor International – outlined that there is a growing interest in outbound tourism to places like North Korea, Cuba and Myanmar – the last of which recently had its diplomatic relations with the US restored.

Many have discussed whether Obama will make a move to remove the embargo with the president relaxing travel restrictions during his first four years. If the Republican candidate, Mitt Romney had been successful it is widely believed that the policy would have been reversed.

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