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Posted 23 hours ago
The average domestic air fare decreased to $381 in the first quarter of 2014, down 1.0 percent from the average fare of $384 in the first quarter of 2013, adjusted for inflation (Table 1), the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today. During that January to March period, Cincinnati, Ohio, had the highest average fare, $514, while Sanford, Florida, had the lowest, $119.
This new series of reports will look at frequent business traveler behavior and provide unique insight into what business travelers are experiencing now, what they were experiencing a year ago and how they feel business travel will be a year from now.
Led by Sustained Growth in China, Global Business Travel Spending Expected to Rise Nearly 7%
Income growth for American workers has been largely stagnant during the economic recovery, and a new CareerBuilder survey on salaries confirms that most workers are not earning what they want. Sixty-five percent of full-time U.S. workers say they do not currently earn their desired salary; 35 percent do.
Study Shows Gap in Awareness for CTS/BTA Accounts, Need for Education on Virtual Payment Accounts
U.S. scheduled passenger airlines employed 385,619 workers in May 2014, 1.1 percent more than in May 2013, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today. May was the sixth consecutive month that full-time equivalent (FTE) employment for U.S. scheduled passenger airlines was higher than the same month of the previous year.
Demand for international tourism remained strong in the first four months of 2014 according to the latest UNWTO World Tourism Barometer. International tourist arrivals worldwide grew by 5%, the same rate as during the full year 2013. Prospects for the current peak tourism season remain very positive with over 460 million tourists expected to travel abroad in the May-August 2014 period.
ARC reported that the consolidated dollar value of airline tickets sold by U.S.-based travel agencies rose 5.14 percent* year-over-year in the first-half of 2014 compared to the same period last year, totaling $48.5 billion versus $46.1 billion in 2013.
Nearly 80 percent analyze social data; 67 percent integrate it into systems and processes to improve business decisions
Two new reports, Payment Solutions for Travel Managers and Business Traveler: Landscape of Travel Payments, sponsored by TSYS reveal that general awareness of new payment technology, such as mobile payments and contactless cards is high, but interest is focused around the expense reporting side.
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