The association predicts continued growth, with sales expected to reach $241.3 billion this year, an increase of 6.2 percent over 1989.
The association predicts that casual restaurants will be more successful than luxury establishments.
The association predicted that spending in the fourth quarter would rise from the third-quarter level.
If the trend continues, the association predicts there will be only 23,000 people vying for admission to medical school by 1990.
The association had predicted gains in output in the last two years.
The association predicts a record 4 million passengers in 1991, up from 3.7 million last year.
The association predicts that by the end of 1998 bookings via the Internet may rise to 18 million.
The association predicts that about 3,000 megawatts will be added nationally each year for the next several years.
The association predicts the fourth quarter will be better than the third, with revenue growth of nearly 5 percent.
The Realtors' association predicted that, at most, prices will decline for two or three months before picking back up again.