Wednesday, July 11, 2007

Travel Trends

I just read an article discussing the travel industry so far this year. The analysis comes from a magazine called Travel Industry Indicators. It says that travel demand is up slightly, with the gains in business travel outpacing the leisure sector. It says that domestic trip volume through May is just 0.6% above a year ago. The strongest domestic growth is in the major business centers on the East Coast. Leisure travel growth continues to lag behind business travel. International air traffic through May is 3.9% above a year ago, with inbound foreign arrivals significantly stronger than outbound traffic, up 8.3%. Outbound overseas travel by Americans is being hurt by the inability of first-time foreign travelers to obtain passports. The delays in processing US passports have affected trips to the Caribbean and Mexico. Indicators are that the rest of 2007 will continue the same trends.

No comments: