Restaurant Trends - Growing And Emerging Concepts - Change and Activity December 10, 2013
Update from Restaurantchains.net on growing and emerging restaurant concepts
In the past five years, online travel sales have grown from $93-Billion to over $160-Billion, with hotel reservations accounting for almost 40% of this total volume. Online Travel Agency (OTA) websites are responsible for one-third of the online hotel bookings, indicating their importance in the distribution and reservation chain.
Preliminary traffic figures for the month of October released today by the Association of Asia Pacific Airlines (AAPA) showed sustained growth in international passenger markets and a stabilisation of air cargo traffic.
The unemployment rate declined from 7.3 percent to 7.0 percent in November, and total nonfarm payroll employment rose by 203,000. Employment increased in transportation and warehousing, health care, and manufacturing.