Analysis for The Americas
USA spotlight – a dire outlook, particularly for business travel, as total spending is expected to decline by 45% and not return to 2019 levels until 2024 or 2025 as losses could hit USD1 trillion during 2023
The US Travel Association (USTA) has revealed that domestic leisure travel is expected to decline by -24%, domestic business by -60% and international inbound travel by a staggering -76% this year in an autumn update to its 2020 Travel Forecast. The results of this report are dire, particularly for business travel, though projections for domestic leisure have marginally improved since its spring update.
Many US hotels are close to the brink and with Thanksgiving fast approaching seven in ten Americans still don’t plan to travel and more than two thirds are unlikely to travel for Christmas
A national survey commissioned by the American Hotel & Lodging Association (AHLA) shows that many Americans are not expected to travel during the forthcoming holiday seasons. Results from a survey of 2,200 adults in early Nov-2020 by Morning Consult on its behalf show that 72% of Americans are unlikely to travel for Thanksgiving and 69% are unlikely to travel for Christmas, compounding the challenges for the hotel industry during this public health crisis.
Pick a number, any number! Bill Gates says we could lose over 50% of business travel: it would take the potential scale of the COVID crisis to new heights for the corporate travel sector
When Microsoft co-founder Bill Gates said this week that “over 50 per cent of business travel and over 30 per cent of days in the office will go away” it may have come with a little personal bias. His comments at the New York Times’ Dealbook conference could see us questioning future travel and make better use of technology, something that would obviously appeal to the business magnate. After all, Microsoft has already seen its Teams videoconferencing platform see active users grow almost four-fold since early Mar-2020 from 32 million to over 115 daily users.
As aviation and travel continues what can only be described as a period of darkness, the industry that emerges will look vastly different than it did before the COVID-19 outbreak. The implications are wide-ranging and highly disruptive. There will be winners and losers in the more constrained marketplace. “It is important to have some sort for a reality check,” said CAPA – Centre for Aviation’s chairman emeritus Peter Harbison during the latest edition of CAPA Live last week.
USA spotlight – rising COVID-19 cases hit sentiment, but latest travel indicators show a noticeable improvement in road travel, while air travel declines and travel spending sees a double-digit slip
Rising COVID-19 cases throughout the United States of America is certainly taking a toll on travel plans. Latest research indicates that less Americans will travel in the coming months and more a feeling anxious about the health crisis. According to the wave 24 analysis of the COVID-19 Travel Sentiment Study from market research consultancy Longwoods International less than six in 10 (58%) of all travellers now have travel plans in the next six months, the lowest percentage since the beginning of the pandemic in early Mar-2020.
Millennials and higher-income travellers are the groups ready to return to travelling and are set to lead the travel recovery into 2021
Millennials and higher-income travellers are the groups ready to return to traveling and lead the travel recovery into 2021, according to new research presented by Berkshire Hathaway Travel Protection (BHTP). In recent years, millennials emerged as the generation that travels the most, followed by mature (55+) travellers. However, the pandemic has further widened the gap between millennials and other age groups.
USA spotlight – Biden becomes President-elect but controlling COVID spread will remain the priority meaning further implications for a travel industry mired in turmoil
The incoming Administration in Washington DC led by US President-elect, Joe Biden, is expected to have some major implications for an airline industry mired in turmoil. President-elect Biden’s outline transport strategy emphasised the building of extensive rail infrastructure and his Administration will be strong on the environment and climate change.
Going solo – travellers are increasingly going alone as COVID restrictions sees rise in independent travel on either side of the Atlantic
This year has impacted everyone’s travel plans dramatically, but it has seemingly also changed the way we travel. Whether it is a business trip, a weekend break or a longer holiday it appears that more and more of us are going alone, according to new research from in-destination travel provider Welcome Pickups.
The travel, tourism and aviation industries across the globe witness policy and upper level changes on a daily basis. It is important to not only keep tabs of these organisations direction, but to also monitor changes in executive branches to see the wider picture of the travel market. CTC - Corporate Travel Community aims to keep you informed of these movements each month, with a full wrap of the key changes across regional markets, while also featuring key appointments announced for the month.
JetBlue acknowledges blocking middle seats is ‘not something that's sustainable’ and is ‘incredibly expensive, especially in an industry that's struggling’
There has been much debate over the effectiveness of blocking middle seats on aircraft and whether the airlines that have utilised the tactic have taken the approach as more of a public relations exercise than anything else. Expert studies have shown that there are clear benefits to have additional space between passengers in the cabin, but the environment and layered measures such as face coverings mean the risk of viral transmission is already very low.