For the first time in 12 years, travel marketing firm MMGY forecasts a decline in the number of vacations Americans will take.
MMGY’s survey asked travelers about their intentions to travel more, less, or the same in the year ahead compared to the previous 12 months. Twenty-one percent of travelers indicated an intention to take more vacations, while 30% said they plan to take fewer, resulting in a 9-point negative variance in vacation intentions.
This is the first time that variance has been negative in the 12 years the question has been asked, and it raises a concern about a softening of the leisure travel market in the months ahead.
Airlines Reporting Corp. reported today that travelers flying during the summer months can expect to pay slightly less than last year. This drop mirrors what ARC sees as a larger trend in average ticket prices, posted monthly on the company’s website. Travel sold to the top 10 destinations by U.S. travel agencies is up from 2017, showing continued strong demand for air tickets in the U.S. Like 2016 and 2017, ticket sales to Cancun continue to be the top seller this summer.
Other summer hot spots are on the rise for U.S. air travelers this summer. Ten percent more travelers will fly to Punta Cana as compared to the same period last year while Honolulu will see a 14 percent increase. Air travel to Orlando and Seattle increased eight percent year over year. New York and Los Angeles will also see a four percent increase in air travel, while air travel to Las Vegas is down eight percent although it still ranks in the top ten.
Survey Reveals That Americans Prefer Road Trips to All Other Forms of Travel, That Summer Is Their Favorite Season For Hitting the Road, and That 60 percent Do Not Travel Internationally
Summer is here, and, according to new data from Ebates most Americans will be taking the opportunity to hit the highway.
The Ebates Summer Survey of more than 1,000 U.S. adults, conducted online by Propeller Insights on behalf of Ebates in June 2018, revealed how, where and for how much Americans will be spending their summer vacations.
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Travel to and within the U.S. grew 3.6 percent year-over-year in April, according to the U.S. Travel Association’s latest Travel Trends Index (TTI) – marking the industry’s 100th straight month of overall expansion. Though the raw numbers are in positive territory, the U.S. continues to trail other global travel heavyweights in capturing share of the booming international travel market.
The most noteworthy component of the April TTI was domestic business travel, which grew for a fourth consecutive month—the first four-month win streak for that segment since January-April 2015. Forward-looking bookings and searches for business travel appear to be on an upswing as well, leading to a strong business Leading Travel Index (LTI)—the forecasting portion of TTI.
In conjunction with the 2018 NYU Hospitality Investment Conference, CBRE Hotels’ Americas Research has prepared a “Fact Sheet’ that highlights our current outlook for the U.S. lodging industry.