The document provides updates and forecasts for the North American inbound travel market. It summarizes receptive trends, forecasts for top source markets through 2015, and lists upcoming industry events and funding opportunities, including possible recipients of Travel Promotion Act funding. Growth is forecasted for most top source markets in 2011, with particularly high growth expected from Brazil, South Korea, and China through 2015.

9. TOP COUNTRIES Visits ‘10 Visits ‘09 % chg 1. Canada 1,192 1053 11.7% 2. UK 1,055 997 5.5% 3. Germany 481 370 23.1% 4. Japan 349 289 17.2% 5. Netherlands 293 191 34.8% 6. Italy 254 150 40.9% 7. Denmark 220 145 34.1% 8. India 186 150 19.4% 9. Israel 179 127 29.1% 10. France 175 137 27.7% Source: Google Analytics

13. SEGMENT ROOM NIGHT PRODUCTION % Change PY FIT 3,428,010 13.2% GROUPS 654,759 16.8% TOTAL 4,082,769 13.9%

14. DESTINATIONS % CHANGE ‘10 vs ‘09 Las Vegas 24.8% Los Angeles 8.6 San Francisco 6.3 San Diego 22.8 Anaheim 17.0 Seattle 25.5 Phoenix 13.7 Scottsdale 1.8

15. DESTINATIONS % CHANGE ’10 vs ‘09 New York 9.0% Chicago 15.4 Philadelphia 36.2 New Orleans 32.0 Houston 13.7 Atlanta 18.4

20. $1 = Jan 26 2011 Jan 26 2010 UK .629 .638 -.037% EUR .733 .735 +.26% JPY 82.4 91.8 -11.4% CAN 1.00 1.23 -18.6% MEX 12.8 12.9 -1.2% Brazil 1.67 1.79 -6.7%

35. SOURCE COUNTRY % Change 2010 vs 09* (thru November 2009) % Change 2011/ 2010 % Change ‘ 2015/2009 Forecast UK -0.5% 1% 21% Japan 17.5 4% 47% Germany 3.1 3% 35% France 10.6 2% 30% Brazil 35.8 17% 198% Italy 11.3 3% 23% S.Korea 52.2 18% 171% Australia 25.7 12% 78% India 19.4 13% 123% China 55.2 24% 346^ Spain 7.1 2% 18% Canada 11.4 6% 47% Mexico 8.8 5% 49%

36. Travel Promotion Act