Christmas Retail Shoppers last year flocked to buy gifts for Christmas. This year, with the financial tsunami and prospects of worse to come, customers are behaving quite differently. But many retailers are still optimistic and are giving their best effort to lure shoppers. Christmas Tourism The year began with a projection of an 8% growth in the tourism sector. But that target hasn’t been met and the industry is not banking on much in this festive season. For the month of November, total arrivals is down 1.2% from the same period last year. Christmas Restaurant The restaurant industry has seen a 20% business decline since October. Eateries across the board are being hitting. Money Magazine looks what the industry is doing in the first Christmas since the recession set in.