Analysis for The Americas
Charting the trends – US travel spending was down nearly USD500 billion in 2020 with -70% drop in business travel responsible for almost half the value of those losses
The impact of COVID-19 has been considerable and from an economic perspective that is not any more obvious than the annual 2020 figures on travel spending released this month by the US travel Association. The US economy lost nearly USD500 billion in lost travel spending, resulting in USD64 billion in missed federal, state, and local tax revenue since the pandemic hit the country in the beginning of Mar-2020.
We all crave the return of our freedom to travel, but COVID-19 vaccines and notably the requiring of proof of a vaccine will ultimately drive future growth rather than limit demand
There may be strong pent up demand for leisure travel and increasing number of business travellers that want to get back on the move, but we are still a long, long way from seeing levels return to post-Coronavirus pandemic numbers. Travel restrictions, especially in terms of international mobility, continue to inhibit the recovery of travel and tourism, but remain a key weapon in the arsenal of governments working to reduce COVID-19 spread.
The new travel mindset – privacy is the new luxury travel and safety the new top priority, while freedom, flexibility and sustainability will drive bookings among the strong pent up demand for travel
“While individual sentiments differ, one thing is clear: there’s a pent-up demand for travel and a clear appreciation for the benefits that it can bring,” says Audrey Hendley, president of American Express Travel about the findings of the latest edition of the American Express Travel: Global Travel Trends Report. The research provides some important insight into consumer sentiment toward travel around one year after the COVID-19 pandemic began.
Lufthansa puts 10-20% as the scale of corporate travel loss, but it is not overly concerned about the impact
When we talk about the importance of corporate travel to airlines, Lufthansa is often used as an example of one that relies on business travel. However, Lufthansa Group chief executive Carsten Spohr last week noted that the importance of this market has actually been following a downward trend over the past years.
Blacklane launches chauffeur hailing platform in New York, London, Dubai, Berlin and Paris; will extend its offer to 21 cities across 11 countries by end of Mar-2021
For many businesses and corporate travellers the idea of being able to enjoy the quality of a traditional chauffeur, with the convenience of riding within minutes of booking certainly is rather compelling. Plans can quickly change and the knowledge that you can secure a trusted, professional and safe ride within moments has lots of advantages, especially at a time that many may still feel uncomfortable travelling while COVID-19 remains a threat.
WHO warns it is ‘premature’ and ‘unrealistic’ to talk about COVID pandemic ending this year, the hotel industry continues to bleed, but we're seemingly accelerating toward controlling pandemic
The World Health Organization (WHO) has warned it is “premature” and “unrealistic” to think that the pandemic might be over by the end of the year even if there is now clear evidence that the recent arrival of vaccines could at least help dramatically reduce hospitalisations and death.
Travelling for business has emerged to be the type of travel people miss the least and as such it will likely mean it will be very different in type and scale in the future. Recent research of over 1,000 American adults by ClearPath Strategies for online accommodation marketplace Airbnb found that the impacts of the coronavirus pandemic has meant traveller mindsets have been altered and business travel is now the lowest of their priorities.
The future of urban travel and short-distance hub feeding domestic flying in the US? United invests its knowledge in development of eVTOL project with a potential commitment for up to 200 aircraft
US major has provided a look at what the future of its domestic flying may look after it confirmed the signing of an agreement to work with air mobility company Archer as part of the airline's broader effort to invest in emerging technologies that decarbonise air travel.
Charting the trends – men, younger millennials and those earning USD80,000+ per year are the Americans most likely to have already planned a trip for this year
Approaching half of Americans (49%) say their desire to travel impacts their willingness to receive the COVID-19 vaccine, according to a new study from The Points Guy. This includes over a quarter (26%) who say it has a major impact on their inclination to be vaccinated – a further 23% say that travel will have a minor impact on their decision to be vaccinated. Close to one third (31%) say their desire to travel has no impact on their readiness to get the vaccine at all, and the remaining 20% have no desire to travel at all.
US consumers show optimistic viewpoint on travel; more than half will vacation in 2021 but levels are still markedly down on the pre-Covid world
A new survey conducted by Morning Consult and commissioned by the American Hotel & Lodging Association (AHLA) shows consumers are optimistic about travelling again in 2021, with 56% reporting they are likely to travel for vacation this year.