Travel and leisure is always one of the last sectors to recover from an economic downturn, and the hotel industry, for one, is finally free of its 2008-2010 slump. Occupancy was up 4.4 percent over a year ago in April, and revenue per available room was up 5.5 percent, according to STR.
Airlines in 2010 had one of their few profitable year in the past decade and are hoping, despite those pernicious energy prices, to make it two in a row.
Americans may be ready to splurge a bit. Staycations may be falling away. With the dollar weak, Destination USA may be the buzz phrase.
Fifty-nine percent of those polled by American Express Travel in late April said they planned to take a summer vacation. They also said they planned to take an average of two week-long vacations ? spending an average of $1,200 per person ? and three weekend getaways with an average spend of $300 per weekend.
An Orbitz.com study of about half as many people found that 80 percent of them planned to take a summer vacation despite high gas prices.
Travel revenue is expected to rise 5.5 percent in 2011, driven by a surge in international visitors, to $795 billion, according to the US Travel? Association.
The always important business travel segment will notch nearly 7 percent growth during the same period to $246 billion.
As growth goes, those are certainly feel-good numbers and much better than the expected performance of the broader economy.
So, sit down, strap yourself in and check out our articles, polls, slideshows and quiz. Well be still be here when you get there ? or return.
Tags: Travel And Leisure
Posted in Travel And Leisure
Source: http://www.seniors-financial-services.co
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Source: http://esimoy.livejournal.com/30794.html
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