Articles tagged “economy”

Travel builds businesses, helps in trade and capital investment, creates jobs and entrepreneurialism for the workforce, and helps protect heritage and cultural values, at least in theory. The WTTC data behind this shows how large the global travel industry really is.

Although airlines are safer and more profitable than any time in history, the industry must innovate much more rapidly in order to secure its environmental and financial viability in the future.

Races are just one of many niche events that help destinations attract hundreds to thousands of visitors, who often stay longer and spend more than the typical guest. Seeking opportunities to partner with these communities is a smart step towards increasing visitation and awareness.

Hey, it isn't all about refurbishing the hotel lobby and placing a touch-screen in there. Millennial guests demand great customer service from staff, and they will quickly sour on a hotel if the staff isn't up to par.

We've written many times about Philadelphia's industry-leading efforts and overall destination savvy. Even if these numbers seem, well, ambitious, we are going to give them the benefit of the doubt.

It's great to see the U.S. finally recognizing tourism for the economic powerhouse that it is, but the government will need invest even more in speeding visa and customs wait times as the world's newest travelers become more experienced and selective.

An improving U.S. economy is giving individual consumers the confidence to splurge on a vacation and businesses the ability to put their employees back on the road. The increase in travel intentions won't match transactions, but it's an optimistic sign for the coming year.

Global economic trends dictate annual growth for air travel and tourism, and regional booms or slumps have a similar impact on all aspects of the industry. Emerging nations will continue to trump the growth of developed economies in terms of travelers, flyers, and the money the spend.

The steady increase in travel spend is a positive sign that changes like smoother visa procedures impact travel to the U.S.; however, there are still many marketing and structural changes needed to meet the goal of 100 million visitors by 2021.

Large events held at the Sprint Center for the past five years have undoubtedly driven visitors downtown, but any self-reported study contains carefully selected statistics that may skew the bigger picture.