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In an effort to cut costs, Gray Line New York Sightseeing and CitySights NY, announced today that they have combined operations. The new company, with gross assets of more than $28 million and more than 100 vehicles, will be called Twin America.
�This merger will increase our range of services and give us the ability to offer more affordably priced tour services to meet the needs of the touring public,� said Mark Marmurstein, president of CitySights NY, who will head the joint venture.
The move comes as the global economic crisis is putting a dent in New York�s long tourism boom. The number of tourists expected in the city this year is around 44.5 million, 5% fewer than last year, according the NYC & Company, the city�s tourism bureau.
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