Travel Industry Growth

What didn't kill Asia's travel agents made them stronger-so says the newly released Abacus Asia Travel Sentiment Survey, which found that 92% of agents believe that adjustments they adopted during the economic downturn put them in better shape for 2010. - More

CCRA President Dic Marxen announced that industry veteran, Peter E. Pincus, has been appointed to serve as President of CCRA Travel Solutions’ new Global Network Division. - More

Last week, ASTA along with the Interactive Travel Services Association (ITSA) filed comments with the Department of State’s Bureau of Consular Affairs, requesting that it show restraint in implementing increases in passport fees. The State Dept. recently proposed an increase in the cost of new passports (up from $100 to $135) and passport renewals (up from $75 to $110). - More

Sabre Holdings today announced that Tom Klein has been appointed to the newly created role of President of Sabre Holdings. Effective today, Klein will take on broader responsibility across the Sabre portfolio, in addition to his current duties. - More

To qualify for 100 Fastest-Growing Companies, foreign or domestic companies had to meet the following criteria: be trading on a major U.S. stock exchange; file quarterly reports with the SEC; have a minimum market capitalization of $250 million and a stock price of at least $5 on June 30, 2010; and have been trading continuously since June 30, 2007. - More

While travel spending in the US saw a decline of 9% in 2009*, Mintel expects to see more people taking off in the new decade with a 6% increase in travel spending expected for 2010. - More

Travel demand trends in the last three months of 2009 confirmed that the recovery was underway, although the growth was in large part due to comparisons with the low levels in late 2008. - More

European online travel bookings are projected to grow slightly by 0.6% in 2009 according to travel industry research authority, PhoCusWright, in its upcoming report, PhoCusWright's European Online Travel Overview Fifth Edition. Internet distribution channels continue to outperform the European travel market as a whole, which is projected to decline by 10% in 2009. - More

Summer 2010 Whitepaper: 'A Paper Of Two Halves' - More

Modest Increases in Travel Volume, Spending Demonstrate Industry's Unique Ability to Quickly Create Employment Opportunities - More

2010-09-07 - Hong Kong - More

2010-09-07 - Wanchai - More

2010-09-08 - Portland - More

2010-09-13 - Singapore - More

2010-09-13 - Hong Kong - More

This report was created for strategic planners, international executives and import/export managers who are concerned with the market for merry-go-rounds, swings, shooting galleries, fairground amusements, traveling circuses, traveling menageries, and traveling theatres. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics that appear several years after the fact. I have developed a methodology, ba - More

This report analyzes the worldwide markets for Air Travel in Billions of Revenue Passenger Kilometers (RPKs). Air Travel can be categorized as follows: Business Air Travel, Leisure Air Travel, Domestic Air Travel, and International Air Travel. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia, Latin America, Middle East, and Africa. Annual forecasts are provided for each region for the period of 2006 through 2015. A five-year historic analysis is also - More

Finaccord’s report titled Travel Insurance and Assistance in Northern and Central Europe investigates the market for stand-alone travel insurance and assistance in ten countries in this region and is one of two studies published in July 2009 on the subject of travel insurance and assistance in Europe. This market is estimated by Finaccord to have been worth €1.21 billion in gross written premiums in 2008, and has been growing in most of the countries in the region. The market is also - More

Summary of Key Points

• The current optimism expressed by corporate executives and travel managers is likely to be dented as the current global growth slowdown spreads from its epicentre in the US to engulf first Europe and then the emerging economies.
• MICE and incentive travel in particular are vulnerable to the current economic downturn due to their largely discretionary nature.
• The future of videoconferencing is brightening up due to companies cutting travel cost - More

Introduction This report is an invaluable source of information on the UK travel insurance market. It provides unique market size information and discusses the main issues and trends facing the sector. It also reveals which insurers are leading the way in this market and forecasts what the future holds for the sector in the next five years under two different scenarios. Scope Consumer data giving insight into travel insurance purchasing habits Analysis of the major competitive issues sh - More