News
Post-Pandemic Boom Will Have a Sequel in 2022
Economic data from the past couple of months suggests higher inflation and less economic growth in the short-term. This is likely due to supply-chain bottlenecks and product outages that companies are scrambling to fix. While this is frustrating to consumers and companies alike right now, there is a silver lining: it’s brightening the outlook for…
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Economic Activity Roundup
There have been a lot of economic shifts in the past couple months, especially as vaccines continue to roll out and supply begins to exceed demand. However, while there are many signs of recovery, not every economic shift is positive. Here are the top economic shifts that the U.S. has seen recently. Consumer Confidence decreases.…
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Vaccine Tourism Is Being Encouraged
As soon as the world’s first COVID-19 vaccine became available back in December, there were reports of people across the world working the system to get the shot ahead of their turn. Those who could afford to do so would travel to parts of the world that had more favorable restrictions, in turn taking vaccines…
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Summer Travelers: Keen But Cautious
Deloitte Insights recently released their summer travel research report, finding that today’s leisure traveler is keen but cautious. After more than a year living with the threat of COVID-19 and under various restrictions to travel and nearly all activities, Americans are looking to their summer vacations to offer a break, an adventure or an opportunity…
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Dollywood Announces New Resort Property
After a decade of unparalleled growth, The Dollywood Company is embarking on an ambitious investment strategy that will see the Smoky Mountain vacation destination invest more than half of a billion dollars over the next 10 years across its properties. One of the first projects in the campaign is the 302-room Dollywood’s HeartSong Lodge &…
Read MoreState Economy Comparisons
The COVID-19 pandemic sent shockwaves through the U.S. economy, leaving no corner of the country untouched by those consequences. However, some states have emerged better off than others. To determine the states with the best and worst economies, Wall Street created an index of five measures—a 5-year economic growth, 5-year employment growth, the poverty rate,…
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Urge to Splurge Powers Massive Gains for Three Large Retailers
American consumers are eager to start spending as life inches closer to normalcy again, and this is shown in wowing results posted by three different retailers—Walmart, the Home Depot and Macy’s. Total revenue for Walmart climbed 2.7% to $138.3 billion, with comparable sales in the U.S. advancing 6%. The Home Depot benefited from an unprecedented…
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Business Travelers Willing to the Hit Road Again, With Stipulations
SAP Concur, in partnership with Wakefield Research, recently conducted a global business travel survey that polled nearly 3,900 business travelers across 25 worldwide markets. The survey revealed that business travelers are willing to hit the road within the next year—but only if their employers implement measures that enable them to do so safely and comfortably.…
Read MoreTruth Behind American Labor Shortage
As the demand for traveling and visiting attractions begins to boom, an American labor shortage has become very apparent. While there are plenty of employment opportunities available, workers have no desire to go back to the way things were before the pandemic and are hoping that the labor shortage is viewed as the chance for…
Read MoreGlobal Tourism Industry Looks For Swift Rebound
The rollout of COVID-19 vaccines is giving many government officials across the world a new confidence to reopen borders and welcome visitors in order to revive their tourism-reliant economies. The World Travel & Tourism Council estimates that the sector lost nearly $4.5 trillion and 62 million jobs worldwide last year alone, so many countries are…
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