News
Travel Spending Growth Expected to Slow
The significant surge in travel spending and volume is not expected to last, resulting in slower growth in the next few years. This is according to the U.S. Travel’s biannual forecast going through 2026. Roughly $1.05 trillion will be spent on travel in America this year alone, 10% below 2019 levels and 16% below where…
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Independence Day Weekend Travel Predictions
The Independence Day forecast by AAA predicts over 47.9 million Americans to travel over the holiday this year. This forecast is a 3.7% increase from 2021 and 98% of pre-pandemic levels despite rising prices for gas, goods and services. Car travel will set a new record with 42 million Americans planning to hit the road…
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Family Vacations: Capitalizing on Fun Through Planning
With this summer expected to set travel volume records, many parents are eager to get away from home with their kids. A new survey of 2,000 American parents, conducted by OnePoll on behalf of Chase IHG Rewards Credit Cards, revealed that the planning aspect of family vacations makes the experience more enjoyable for everyone. Family…
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A Changing Demographic Leads to a $33 Trillion Opportunity
In our youth-centric culture, it may be shocking to learn that people over 65 will outnumber people under 18 by 2035, and that nearly 22% of the U.S. population will be older than 65 by 2050. It is clear that demographics are shifting, and that people are living longer and healthier lives. How could this…
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Travel Is Bouncing Back, But Business Travelers Aren’t Happy
There is a degree of unhappiness and anxiety among business travelers worldwide, as over half of global business travelers are not happy with their current schedules. Many businesses are returning to their pre-pandemic travel schedules, spread across fewer employees. According to the 2022 SAP Concur travel survey, employers are at risk of higher talent turnover…
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As Airfares Soar, Bookings Are Falling
Airline bookings have continued to drop for the second month in a row. The combination of rising fuel costs being passed on to passengers, and a pilot shortage causing large amount of flights to be cancelled are giving carriers more leverage with pricing as they have fewer seats to offer. Carriers have been able to…
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How The Lifted Mandate Affects American Travelers
The mandate that required international travelers to test negative before entering the United States has been lifted. MMGY Travel Intelligence conducted a new survey highlighting the positive impact of this decision, finding 36% of Americans are more likely to travel outside the U.S. in the next six months. Meanwhile, only 20% revealed they are now…
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Travel Advertisers Heat Up Summer Spending
Travel has been heating up over the past few months, but travelers aren’t the only ones excited about that. Advertisers in the travel industry are excited too, looking forward to making up for some of the $2 trillion in lost revenue last year. Travel advertisers spent nearly $623 million from January through April this year,…
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Americans Are Traveling, Not Spending
After nearly two years of travel restrictions, Americans are on the go again. However, recent data compiled by PlaceIQ shows that while Americans are still wanting to travel, price increases are motivating many to cut back on how much they spend. The data, consisting of mobile movement data and aggregate purchasing data sourced from millions…
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Atlantic City to Become More Family Friendly
Atlantic City, New Jersey has always been known for its gaming activities, attracting primarily adult-only parties. However, Showboat Atlantic City owner Bart Blatstein says that “the future of Atlantic City is in growth in non-gaming activities and attractions.” Blatstein recently cut the ribbon on a new indoor go-kart raceway, housed in the hotel lobby, and…
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