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Gilliland, who also serves as the Chairman of the Economic Sustainability Subcommittee of the U.S. Travel and Tourism Advisory Board, characterized 2009 as the "Year of the Travel Deal" but cautioned that cheap travel deals would soon evaporate if the health of the travel and tourism industry continued to deteriorate.
"Just as airlines opted to park their planes in the desert rather than operate at a loss, hotels, resorts and cruise lines will eventually reduce their inventory of properties and ships if they cannot realize an acceptable return on these assets - something we're already starting to see occur," said Gilliland.
Gilliland called on the U.S. government to take action in four areas including energy policy, environmental policy, air traffic control modernization, and Treasury travel guidelines.
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