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2010's Upside-Down Pyramid: All Hail King Consumer - Luxury Travel and Lifestyle Trends - By Karen Weiner Escalera
No one knows for sure what 2010 will bring. Most economists say the global recession has probably peaked, but what will the recovery look like? In some sectors, consumer spending is on the rise, and we're spotting more and more post-recession flowers blooming. Whether their pocketbooks were squeezed or not, many affluents are now transformed. They want value, quality, and products with a 'moral conscience.' ...more
Bing Travel Spring Break Forecast: Airfare Increases 9 Percent
Reduced domestic hotel rates mean more value for travelers and could help balance total trip cost. ...more
Asia Pacific: Challenges and Opportunities - Intra-Asia Market Eclipses North America as World's Largest
The International Air Transport Association (IATA) said that in 2009 intra-Asia-Pacific travel had eclipsed the number of travelers in North America as the world's largest aviation market. Asia-Pacific's travelers numbered 647 million compared the 638 million who travelled within North America (including domestic markets). By 2013 an additional 217 million travelers are expected to take to the skies within Asia-Pacific. ...more
2009: Worst Demand Decline in History - Encouraging Year-end Improvements
The International Air Transport Association (IATA) reported December and full-year 2009 demand statistics for international scheduled air traffic that showed the industry ending 2009 with the largest ever post-war decline. Passenger demand for the full year was down 3.5% with an average load factor of 75.6%. Freight showed a full-year decline of 10.1% with an average load factor of 49.1%. ...more
Aviation Industry Take Flight Again, Says Frost & Sullivan
The turmoil surrounding the aviation industry is finally expected to calm and prepare itself to soar once again. The past two years have been a tremendous challenge to the industry and all its stakeholders. Escalating fuel prices followed by the economic downturn has pushed the aviation industry to revisit their business and financial models just to sustain their presence in the industry. ...more
Business travel expected to match, surpass 2009 levels
Business travel in 2010 will match or surpass last year's levels and more executives will be opting for first class seats, according to a survey. ...more
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