"We have recession all over the place," said Tim Campbell, an economist with the state's demographic and research office. "Everything in the economy is working in reverse except oil prices. Until we see some more favorable signs, we expect tourism to be down."
"The state's tourism business has been so slow that Smith has seen a jump in hotel and restaurant bankruptcies and closings. The numbers that Florida used to see in a month, are now coming in every week. While most are in the restaurant industry, a growing number of motels and hotels have entered foreclosure, ..."
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