Purchasing Power released an infographic, 'Vacations: A Luxury or A Necessity?' that depicts employee vacation practices and outlines the consequences of failing to use all paid time off and not getting away.
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.
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.
Data through the Group Stage of the tournament, which includes opening day (June 12) through the close of the Group Stage (June 26), revealed triple-digit increases in spending, compared to the same period last year, in cities such as Natal (+851%); Cuiaba (+963%); Curitiba (+167%); and Manaus (+409%).
Data for the pre-summer period confirm handsome growth for European tourism in 2014 and there is growing optimism that the upcoming peak-summer season will consolidate preliminary positive expectations. As competition in the global tourism market heats up, European destinations can win a new edge by challenging traditionally-held perceptions by travellers in distant markets.
The International Air Transport Association (IATA) announced global passenger traffic results for May showing demand growth of 6.2% compared to May 2013. While this represented a deceleration compared to April year-over-year traffic growth of 7.6%, the performance is indicative of improving demand drivers.