In addition to having more to spend, travelers have increased the amount they spend on travel by 40 per cent this year, compared with last year. The increasingly influential millennials are spending unprecedented amounts on travel, with those born after 1990 increasing their travel spend by 80 per cent this year.
BCD Travel 2019 Industry Forecast
Passenger and cargo growth show remarkable resilience in the face of ongoing global trade and political tensions
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Total passenger traffic in August 2018 increased by 5.8% YoY, primarily reflecting growths of 6.6% in Argentina, 18.5% in Armenia, 4.3% in Italy and 2.3% in Brazil.