European Companies Will Plan Significantly Less Meetings & Events in United States
Travel Leaders Group released its travel survey data specific to the cruise industry, which together with real-time current booking data indicates increased demand among leisure travelers for cruise vacations in 2017.
Earlier in February, the U.S. Department of Commerce reported that travel exports increased in December 2016 for the sixth month in a row, after declining for much of the first half of the year, bringing international travels share of total U.S. exports to 11.2 percent. This is the sectors highest share of spending in the U.S. since 2000, just before the fallout from the September 11, 2001 attacks caused U.S. market share to plummet sharply among other global destinations.
The reporting carriers posted an on-time arrival rate of 76.0 percent in January 2017, down from the 81.3 percent on-time rate in January 2016, but up from the 75.6 percent mark in December 2016, according to the Air Travel Consumer Report (ATCR) released today.