The faltering economy has had a profound effect on air travel, now it's taking its toll on the train travel industry. GrandLuxe Rail Journeys
, which we've covered before for their luxury train trips throughout the U.S. and Mexico
and their partnership with Amtrak
, has announced that they cannot continue to operate due to financial reasons. The Denver Post reports
that the company is not sure yet if people who made deposits for trips will get their money back.
The company formerly known as American Orient Express got a new owner in 2006 and seemed to be on track for success. But train travel in the U.S. has become less and less popular and the vacation industry as a whole is suffering.