Hospitality Industry Trends - Travel Trends

Over the past year the credit crunch has seen the nation tighten its belt and feel the squeeze. The prosperous era of 'splashing out' has come to an abrupt end and given way to feelings of thrift and frugality that have led us all to keep a beady eye on the balance sheet. - More

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. Th... - More

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... - More

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 ... - More

Reduced domestic hotel rates mean more value for travelers and could help balance total trip cost. - More

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 jus... - More

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

Completed by nearly 4,000 travelers, the survey results showed that 85.7 percent of respondents expect to take one-to-three leisure trips through March 31, 2010. - More

This year, planning your travels isn't just about finding the best price, though that's certainly on everyone's mind. There are also new practicalities to consider that could have just as big an impact on your travels as how much you pay for your ticket. - More

Despite the economic turmoil of 2009, the cruise industry continued to grow. A total of 13.445 million guests are forecast to have sailed last year (totals through the third quarter, 2009 - 9,999,068 passengers - indicate that forecast is on track), U.S. and Canadian residents accounted for 76.5 percent of guests, with 23.5 percent sourced inter... - More