Travel to the U.S. is more resilient than some other countries, but there are already warning signs that the current climate should be cause for concern.
After a four-year renovation, Paris' iconic Ritz Hotel is reopening. But if you can't stay there, the city has many other options for luxury - provided you have a big budget.
The boom in global travel is driving a huge increase in new tourism infrastructure development, which will make access easier and more affordable to more destinations, especially in emerging markets. But we will point out that the China and Russia numbers feel especially optimistic.
Anyone who looks at historic prices of airlines understands that what's happening now is an abnormality. And it definitely will not become the new normal.
The level of profitability revealed in the latest BTS report is leaves the Big 3 U.S. airlines room to improve their in-flight products and passenger services, without breaking the bank. But they have achieved this profitability in large part by becoming better businesses. If they are to stay profitable when the next inevitable industry downturn comes, they will need to keep improving their retail models.
Luxury has its limits. When too many brands start banking on one sector to deliver all their good news things don't go well.
This is the first decision of many that will shape the second phase of the customer experience with some of travel's biggest disruptors.
We're not sure the real estate angle is the best, but the short-term benefits of lower costs for tourists will likely be a draw this season.
While this won't deter people from coming on the busiest days (and will make more money off more people), it will provide a benefit to those who come when it is quieter.
Fare wars are always nice for a short bit of time, but they're a disaster in the long-run and we all pay for it eventually.