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The International Academy for the Study of Tourism convened a session on global economic crisis and tourism during its 20th anniversary conference in Mallorca, Spain, in June 2009. Three articles featuring on the impacts of economic downturn on tourism in Asia and the Pacific, Europe, and North America have resulted and appeared in this issue of the Journal of Travel Research. This summary aims at an integrated discussion on the consequences and perspectives on the global economic crisis and tourism. The prospects of world tourism for the years to come are also reflected.