Tourism spending is growing. We're growing at 2% to 3% per year on the strength of domestic travel and some growth in other foreign markets—like China, Mexico, and the U.K. But Japan and the United States are big challenges for us. The growth by 2% or 3% is mostly driven by domestic tourism, and that's not sustainable, in our view. The rest of the world is growing between 4% and 6% per year, so we are growing at half the rate of the international standard. So we see growth, but don't let that fool us; we're not keeping up with the global pace of travel growth.
On December 4th, 2007. See this statement in context.