Foreign travelers to the United States bring billions of dollars into the economy each year. But that flow of people and money now appears to be at risk.
While a number of aspects of the U.S. economy could affect people's propensity to travel, economists largely believe the outlook will remain strong for the foreseeable future. And at the moment, travel agencies are benefiting from a period of strong bookings for the next several years, signaling continued strength.
Four Seasons Hotels and Resorts unveils plans for an all-new Four Seasons Private Jet that will take flight in early 2021, evoking the bygone glamour of air travel coupled with thoughtful, guest-centric design.
Herrera lawsuit saves consumers millions of dollars and establishes industry-leading disclosures regarding PlatePass toll service
Demographics and growing economies are changing the shape of future travelers in the world. What factors is the future of hospitality looking to deal with?
Tourism is one of the major economic drivers for many countries. Many tourists travel aboard for vacations to see dazzling landscapes and bustling city-life and in turn, tourism drives revenue for many businesses such as food, retail, and hospitality, but now it is also helping bolster the cannabis industry.
The downward pressure on China's consumption persisted over the Lunar New Year holiday, the annual festival when people travel, shop, and give gifts or money.
'Bleisure' is on the rise and its one of the biggest trends in business travel.
The recent headlines proclaiming that Chinese tourists are shopping less abroad may seem alarming, but its not all bad news, particularly not for the travel industry and service providers, who are set to welcome a record 7 million outbound Chinese tourists during the upcoming Lunar New Year holiday that begins on February 5th.
Its shaping up to be a banner year for the travel business. If you are a travel agent, presumably you are betting on your clients increased wealth and social media channels to inspire them to book more vacations this year.