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The Park Place Economist

Abstract

As U.S. airlines have continued to cut commissions, many travel agencies have been forced to leave the market due to excessive costs. However just as some travel agencies have closed, there has been a steady growth of new, specialized travel agencies within the ethnic neighborhoods of America, who have enjoyed great success and profits. Many of the travel agents that were forced out of the domestic travel agency business by U.S. airlines have found that there are profits to be made by specializing in serving the travel needs of ethnic groups.

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