News
Corporate Events Lead Summer Volume
In June, the U.S. saw a 334% increase over 2021 levels regarding meetings and events, according to data provider Knowland. Corporate meetings took the lead, driving 62% of the volume. The largest growth segments for corporate event space in June were online retail, urban infrastructure, sports entertainment and media, packing/shipping and tobacco. Traditional expectation typically…
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Electronic Bag Tags Tested To Ease Airport Chaos
Airports are experiencing a lot of chaos due to flight delays, staffing shortages, and long wait times. In attempts to speed up the check-in process, Alaska Airlines will start allowing customers to attach electronic tags to their bags. The tags will be activated 24 hours before departure using the Alaska Airlines app, and the process…
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Travelers Are All About Inclusivity
Research shows that travelers are paying close attention to how travel brands are demonstrating inclusivity. According to Expedia Group Media Solutions’ Inclusive Travel Insights Report, seven in ten consumers are willing to pay more for a destination, lodging, or transportation option that is more inclusive to all types of travelers. Additionally, nearly eight in ten…
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Travel Remains Strong Despite Unstable Economy
While consumers are eager to travel, talk of a U.S. recession could impact travel’s continued recovery in the second half of 2022. OAG surveyed more than 1,400 North American travelers to see how consumer behaviors are influencing the travel industry’s future. The main takeaway was that despite rising inflation, consumer demand remains strong. Consumers plan…
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Entertainment Plays Big Role in American Vacations
After watching content on their TVs for two years, Americans are eager to venture beyond streaming media content and begin purchasing live event tickets again. Allianz Partners’ 14th Annual Vacation Confidence Index revealed that 60% of Americans are planning to attend at least one ticketed event before the end of the year, while 20% expect…
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COVID-19 Public Emergency is Extended by US Officials
The public health emergency has been extended another three months to October 13th by the Biden Administration. “Without the Public Health Emergency in place, we would be limited in our ability to provide broad and equitable access to lifesaving treatments through our Test to Treat initiative, for example, which relies on flexibility for telehealth and…
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Six Flags Improves Park Accessibility
Six Flags Entertainment Corporation has recently expanded access for guests with physical disabilities and autism. The theme park company is the world’s first to design a restraint harness that will enable guests with physical disabilities to access more of the park’s thrill rides and roller coasters. Six Flags has also become the first theme park…
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Airbnb Announces “Live and Work Anywhere” Initiative
Airbnb is partnering with twenty destinations around the world to make it easier for people to truly live and work from anywhere. Airbnb launched a “live and work anywhere” initiative to identify the best remote work destinations. The company invited destinations to be a part of the promotional effort by asking them what makes their…
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Majority of Experts Predict an Upcoming Recession
High inflation is hitting the U.S. economy right now. Although recessions are hard to predict, economists polled for Bankrate’s Second-Quarter Economic Indicator say there is a 52% chance the U.S. economy will contract within the next 12-18 months. This is a dramatic rethinking about the economic outlook after just one-third predicted this outcome during the…
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Personal Income Increases in May
According to the Bureau of Economic Analysis, personal income in May increased $113.4 billion (0.5%), and disposable personal income increased $96.5 billion (0.5%). In turn, consumer spending increased $32.7 billion (0.2%). More specifically, an increase in spending on services (+$76.2 billion) was offset by a decrease in spending on goods (-$43.5 billion). Additionally, personal saving…
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