Articles tagged “economic outlook”

Today's economic pressures are impacting consumers differently across income levels.

This might be the summer of travel, but the economic uncertainty still has consumers choosing value above anything else.

Chinese travelers are eagerly embracing new travel opportunities as restrictions ease, with a strong desire to explore their dream destinations and engage in unique cultural experiences.

Business travel spending faces an uphill battle: Stringent corporate policies and a growing preference for video conferencing diminish prospects for reaching 2019 levels.

Business travel spending is unlikely to reach 2019 levels in the near future as corporations are implementing stringent travel policies and the availability of video conferencing options is expected to displace a share of business traffic.

They say smart people can hold two opposing ideas in their minds and still function. So hotel executives must be geniuses, as they watch bookings stay strong while economic worries rise.

Stagflation, or a mix of slow growth and high prices, would be an unfamiliar crisis. Even the shrewdest hotel executives and investors would need to be on guard.

The adage that U.S. presidential election years are bad for business may or may not hold true for 2020. Savvy travel advisors, however, may want to put extra effort into keeping clients confident and enthusiastic about upcoming travel plans.

Travel executives, take note. Global growth is more subdued than some of you may have expected. But many travel companies will still enjoy profitable growth this year.

Tune in to hear the reasons the travel industry could be in for a good year — or the factors that could steer 2019 off course.