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IATA predicted this year will beat the pre-pandemic record for air travel. But both Boeing and Airbus jets are having problems that are reducing capacity. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In December 2023, the International Air Travel Association predicted 2024 would break records for the most air passengers ever. But airlines are warning they'll have fewer seats available than they initially thought, as both Boeing and Airbus are dealing with problems.
Persons: , Martha Neubauer, Dave Calhoun, Boeing's, Willie Walsh Organizations: Boeing, Airbus, Service, International Air Travel Association, Reuters, Airlines, Max, Ryanair, Alaska Airlines, Federal Aviation Administration, Pratt & Whitney, London Starbucks Locations: London
This article is part of "Business Travel Playbook," a series about making the most of work travel. Business travel continues to rebound from the early stages of the pandemic as employees take more work trips. With professionals traveling more for work, Business Insider talked to three frequent business travelers about their successful habits and a few things they avoid when on the go. Eating healthily and exercisingWhile business travel can disrupt your routines, eating healthier meals and drinking plenty of water can help you feel more energized. 4 things successful business travelers avoid:1.
Persons: , Donzella Burton, Michael Murray, Murray, I've, Anneleah Williams, Overpacking, Williams, Bridges, Overplanning, Burton Organizations: Service, Travel Association, Business, Kopin Corp, TSA, Bridges, Ireland Locations: East Coast
This article is part of "Business Travel Playbook," a series about making the most of work travel. During a business trip, employees are away from their families, their normal routines are disrupted, and they typically log in longer hours, which can be stressful. She said employers could ease the burden of business travel by allowing employees to take time off after a business trip to recover. Whether a work trip includes commuting to a nearby city or traveling to another country, business travel can be tiring. "It's important to be realistic about how much work travel you can endure and how much work you can realistically complete if your job requires frequent travel," Norfus said.
Persons: , aren't, who've, they'd, Danielle Sabrina, Sabrina, Eric Snyder, Natalie Norfus, Norfus, Natalie E, Julian Buitrago, Ashlee Brennan, Brennan Organizations: Service, Business Travel Association, Employees, Employers Locations: AbsenceSoft
Strong WiFi, a business center, and food service are some of the recommended perks. This article is part of "Business Travel Playbook," a series about making the most of work travel. Business travel slowed significantly when the pandemic hit in 2020, but it's rebounding. Last year, the Global Business Travel Association predicted global business-travel spending would reach $1.4 trillion in 2024 . She makes a point to explore a destination on each business trip, she said — even if she's been there before.
Persons: , Karen Mitchell, Jen Catto, Jill Johnson, Johnson, Samantha Drucker, Catto, Mitchell, Drucker, she's Organizations: Service, Global Business Travel Association, Business, Institute for Entrepreneurial Leadership, Puget Sound Locations: New York, Florida, New Delhi, India, Oakland , California, Seattle
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Travel Association CEO: We lack a national strategy to attract visitors to the countryGeoff Freeman, U.S. Travel Association president and CEO, joins 'Squawk on the Street' to discuss the Association's latest travel survey, why international travelers aren't coming to the United States, and more.
Persons: Geoff Freeman Organizations: U.S, Travel, U.S . Travel Association Locations: U.S, United States
The survey, which has been running for a decade, reflects input from nearly 12,000 expats representing 177 nationalities in 181 countries or territories. John Coletti/The Image Bank Unreleased/Getty ImagesA longtime retirement destination for Americans, Mexico also has attracted more families and the digital nomad set over the past few years. Pros: Mexico ranked first in InterNations’ 2023 Expat Insider survey and has ranked among the top five countries since 2014. Cons: As is the case in Mexico and other countries with large expat communities, there’s growing backlash against the influx of foreigners, especially Americans, and especially in Lisbon. That popularity among auslanders has contributed to a housing pinch in major cities, especially Berlin, where finding accommodation is one of the most stressful aspects of a move.
Persons: It’s, Megan Frye, Frye, , , We’ve, John Coletti, San Miguel de Allende, margarita, Sean Pavone, expats, Alex Ingrim, Chase, Ingrim, it’s, pollsters, they’re, it’s MVV, Arielle Tucker, that’s, auslanders, Andriy Kravchenko, “ Costa, ” David Lesperance, Costa Rica’s, “ Tico, Sebastien Lecocq, Lesperance, he’s, what’s, Emily, ” Tucker, Roth, Tucker, Carte Organizations: CNN, Invest Overseas, Braga, InterNations, Mexico, National Institute of Statistics, Human Rights Watch, Visa, USA, CNN Travel, , Spain, International, Travel Association, pollsters Gallup, Michelin, Changi, Cons, United, Costa Rica Costa, Central, Costa, Lesperance, Associates, Panama Panama, Miami of, Panama City, Panama Qualified Investment, Panama Golden Visa, France France Locations: Valencia, Spain, Portugal, Mazatlán, Mexico, United States, Mexico City, Michigan, Mexico Mexico, Plaza Carso, Polanco, North America, , Oaxaca, San Miguel, Playa, Carmen, InterNations, Portugal Portugal, Porto, Douro, Europe, Lisbon, Western Europe, Madrid, Barcelona, Seville, Bilbao, Catalonia, Catalan, Netherlands, Amsterdam, Statista, Haarlem, Delft, Leiden, Maastricht, Washington, Miami , New York, San Francisco, Germany Germany, Munich, Germany, Berlin, Frankfurt, Stuttgart, Switzerland, Singapore Singapore, Singapore, Asia, Entre, Costa Rica, , “ Costa Rica, Costa Rican, Panama City, Miami, Miami of Central America, Panama, North, South America, Italy, Venice, Italian, Paris, France, Lyon, Strasbourg
A rebound in Asia is especially important for airlines where long-haul travel makes up a bigger mix of revenue. Travel spending in Asia Pacific is set to grow 41% this year to $567 billion, and rise to $800 billion by 2027, according to data from the Global Business Travel Association. The planned capacity, which has not been previously reported, is a strong rebound from 2022, when the carrier's Asia-Pacific traffic was 33% of 2019 levels. Travel to Asia is also a source of high-margin revenue at a time when soaring labor and fuel costs are pressuring profit and domestic fares are declining. Across the border, Air Canada said the increase in Asia Pacific capacity would more than double its overall system growth.
Persons: Toby Melville, Andrew Nocella, Mark Galardo, Galardo, Raymond James, Savanthi Syth, Allison Lampert, Rajesh Kumar Singh, Ben Klayman, Matthew Lewis Organizations: Heathrow Airport, REUTERS, Rights, Carriers, Business, Global Business Travel Association, Air, Reuters, United Airlines, American Airlines, Delta Air Lines, Asia Pacific, United, Delta, Tourism Economics, Thomson Locations: London, Britain, Rights MONTREAL, CHICAGO, Asia, Pacific, Europe, Asia Pacific, U.S, United States, Atlanta, Manila, Philippines, San Francisco, New Zealand, Chicago, Air Canada, Air Canada's Vancouver, Canada, North America, Ukraine, Hong Kong, East Coast, Newark , New Jersey, Toronto, China, Montreal
Against this precarious backdrop, Washington is on the verge of a messy shutdown of the federal government. A shutdown probably won’t wreck the economy, especially if it’s short. And if it a shutdown lasts long enough, it could, along with these other headwinds, do some real damage. The US Travel Association estimates the domestic travel economy would lose as much as $140 million a day from a government shutdown. “Uncertainty regarding federal operations will likely persist for the next few months.”Given all the other obstacles facing the economy, chaos in Washington is the last thing the economy needs.
Persons: New York CNN —, , Greg Valliere, Joe Brusuelas, Goldman Sachs, , Uncle Sam, Mark Zandi, don’t, ” Zandi, AGF’s, , ” Moody’s Organizations: New, New York CNN, UAW, Big Three, Federal, Federal Reserve, AGF Investments, RSM, American Federation of Government Employees, TSA, US Travel Association, Companies, Moody’s, AAA, Goldman Locations: New York, Washington, United States
The U.S. Travel Association said a partial shutdown would cost the U.S. travel economy as much as $140 million a day. During a government shutdown, the U.S. air travel system would be "hampered by more flight delays, longer screening lines and setbacks in air travel modernization," the group said. Air traffic controllers and Transportation Security Administration (TSA) security officers are among the government workers who would be required to keep working but would not be paid. A government watchdog report said in June that air traffic operations were at risk. The FAA was forced to slow air traffic putting pressure on lawmakers to end the standoff.
Persons: Pete Buttigieg, Buttigieg, shutdowns, David Shepardson, Grant McCool Organizations: LaGuardia, U.S, Acquire, . Transportation, Federal Aviation Administration, U.S . Travel Association, Air, Transportation Security Administration, FAA, TSA, Thomson Locations: New York City, New York, WASHINGTON, U.S
Minneapolis CNN —The United States’ credit rating could come under pressure if the government shuts down, Moody’s Investors Service cautioned Monday. A shutdown would be “credit negative” for the US sovereign, according to a Moody’s note. Moody’s is the only one of the three major credit rating agencies to assign the United States an outstanding rating of AAA. Standard and Poor’s downgraded the United States in 2011, following the debt ceiling standoff then. In August, Fitch Ratings knocked America’s credit rating down to AA+ after the most recent debt ceiling debate.
Persons: , ” Moody’s, Poor’s, Moody’s, It’s, Donald Trump’s, , Betsy Klein, Matt Egan Organizations: Minneapolis CNN, United, Moody’s, AAA, Fitch, Congressional, US Travel Association, Federal Reserve, Labor Statistics Locations: Minneapolis, United States
Corporate America to DC: Don’t shut down the government
  + stars: | 2023-09-22 | by ( Matt Egan | ) edition.cnn.com   time to read: +7 min
“Nobody wins in a government shutdown,” said one executive at a business group who requested anonymity to speak candidly. ‘It’s not good for business’A shutdown may not be an especially dramatic event for the stock market or deal a sizable blow to GDP. It’s not good for business – or consumer confidence,” another trade group executive told CNN. It’s unfortunate.”Markets usually don’t careWall Street is not overly worried about the potential damage to the economy at large nor the stock market. During half of those shutdowns, the stock market posted positive returns.
Persons: ” Neil Bradley, , , “ We’ve, , Chuck Robbins, Robbins, ‘ It’s, Geoff Freeman, Bradley, it’s, Mitch McConnell, shutdowns, ” Bradley, “ It’s, Keith Lerner, Goldman Sachs, couldn’t Organizations: New York CNN Business, Corporate, US Chamber of Commerce, CNN, Cisco, US Travel Association, US Travel, , Federal Reserve, Labor Statistics, Publicly, Democrats, Privately, GOP, House GOP, Republicans, Chamber, Advisory, Commerce Locations: Washington
There have been some encouraging signs that business travel is rebounding to pre-Covid spending levels sooner than anticipated, according to the Global Business Travel Association . Business travel was essentially shut down during the Covid pandemic, with many predicting a slow slog to revive sales and a landscape that would be permanently changed. Now the organization is predicting global business travel spending will surpass its 2019 spending level of $1.4 trillion in 2024, compared with its earlier forecast of 2026. Some 28% of those who make the business travel decisions and 32% of those in charge of company travel budgets said their workplace will increase business travel in the coming year, Morning Consult found. Of course, the recovery in business travel can also shift if there are changes in the economic environment.
Persons: Lindsey Roeschke, Roeschke, That's, Michael Linenberg, Linenberg, Patrick Scholes, Scholes, — CNBC's Michael Bloom Organizations: Global Business Travel Association . Business, Morning, Deutsche Bank, CNBC, American Airlines, Delta Air Lines, United Airlines, Ryman Hospitality Properties, Ole Opry, Hospitality, Hyatt Hotels Locations: Delta
The best time to book your flights for Christmas is around 71 days before your departure, per Google. That's a big change from 2022 when Google said the best time to book Christmas flights was 22 days before departure. AdvertisementAdvertisementThe best time to book your flights for Christmas is around 71 days before the departure day, according to Google's analysis of its historical data of US flights. AdvertisementAdvertisementThese estimates are a big change from the company's recommendations in 2022 when it said the best time to book Christmas flights was 22 days before departure. These experts told the BBC that Google Flights' new methodology for calculating your flight's footprint — introduced in 2022 — excludes many pollutants, meaning only half of a flight's environmental impact is most likely shown.
Organizations: Google, Morning, US Travel Association, World Tourism Organization, BBC Locations: Europe
Leslie Josephs/CNBCAirlines' cargo revenue is slumping. Delta , United and American this month each reported year-over-year declines of about 40% in their second-quarter cargo revenue. That's a significantly smaller portion than 2020, when cargo revenue made up more than 10% of United's sales. Zoom In Icon Arrows pointing outwardsThrough June, cargo revenue made up 1.3% and 1.6% of overall revenue at Delta and American, respectively, down from 3.5% and 12% in 2020. The Baltic Air Freight Index, which tracks worldwide air cargo rates, is down 47% from a year earlier.
Persons: DAL, Leslie Josephs, United, it's Organizations: American Airlines, Philadelphia International Airport, CNBC Airlines, United, Delta, Baltic Air Freight, International Air Travel Association Locations: United, American, U.S, Europe
NEW YORK, July 10 (Reuters) - Amazon.com Inc (AMZN.O) is partnering with travel booking site Priceline to offer discounts during Tuesday's Prime Day, the first time an online travel agency has participated in the shopping event. Priceline is the first travel brand to offer an exclusive U.S. Prime Day deal, Amazon said. We know travelers are shopping on Amazon and booking travel with Priceline," said Lesley Klein, senior vice president of marketing at Priceline. Booking Holdings has several sites, so this isn't the first time the company has worked with Amazon on Prime deals. Amazon several years ago attempted to build a hotel booking service called Amazon Destinations but it closed a few months after launching.
Persons: Priceline, Lesley Klein, Booking.com, Doyinsola Oladipo, Jeffrey Dastin, David Gregorio Our Organizations: YORK, Amazon.com Inc, Tuesday's, Priceline's, Express, Booking Holdings, Prime, Amazon, Tourism, U.S . Travel Association, Thomson Locations: U.S, Germany, Austria, New York, San Francisco
We’re starting a new trend, we’re being trendsetters.”Ravit Kushmi, a participant who identifies as queer, calls the training “historic,” adding they can serve as Nepal’s LGBTQ tourism ambassadors. But Pant believes LGBTQ tourists have favored those destinations for years, and Nepal offers a fresh travel experience in Asia. The Nepal Tourism Board plans to launch an official LGBTQ tourism campaign soon, too. “This niche market will contribute to Nepal’s tourism,” says Mani R. Lamichhane, director of the Nepal Tourism Board. He says Nepal’s LGBTQ tourism would provide mutual benefits, particularly for tourists visiting the country seeking adventure and spiritual experiences.
Persons: Nepal’s, Sunil Babu Pant, , , gwara mari, , Bibek Bhandari, Himal Pandit, Manoj, Asshika, Ravit, Tiffany, Pant, John Tanzella, Courtney Mitchell, Sarah Welton, Mani R, Lamichhane, Rubina Bhujel, Bhadra, ” Bhadra, ” Pant Organizations: Kathmandu CNN, Pant, Nepal Tourism, , Nepal Mountaineering Academy, CNN, International, Travel, , Nepal’s, Nepal Tourism Board, West University, UN Locations: Kathmandu, Pant, Nepal, Bibek, Bibek Bhandari Nepal, Thamel, ” Nepal, Asia, Taiwan, India, Thailand, Pink, American, “ Nepal
Days later, Unibail-Rodamco-Westfield and coowner Brookfield gave the San Francisco City Centre back to their lenders after the exit of retailers left the mall just over half occupied. Whatever is going on in San Francisco, we are not interested in being part of that any longer." Fear of crime taints the cityCrime, or the fear of it, often creeps into conversations about San Francisco, too. "I ask, what's the driver" of the San Francisco office vacancies, Scavone told Insider. He continued: "Is it because downtown San Francisco is somewhat of a difficult commute from suburbs in Marin County or the East Bay?"
Persons: Manus Clancy, Trepp, , Brookfield, Clancy, Salesforce, Jeff Burg, he's, Burg, we're, Thomas Baltimore, hasn't, Elon Musk, Bob Lee, Frank Scavone, Scavone Organizations: Service, San Francisco, California, Hilton San Francisco, Square, Parc, San Francisco City Centre, San, Krea, Union, Census, LinkedIn, Park Hotels, Resorts, Westfield, ABC, San Francisco Travel Association, Elon, Foods, The New York Times, McKinsey & Co, downtown Locations: San Francisco, San, San Francisco Chronicle, Westfield, Real, Francisco, New York, cubicles, Boston , Chicago, Houston, Miami, San Francisco's Hayes Valley, Manhattan, Tenderloin, , downtown San Francisco, Marin County
The thinly veiled casual hellos might feel suspicious to the lucky owners of a summer house (or people with primary homes in summer-positive locales). “When I post pictures of my Hamptons house, now I get 10 to 12 different people messaging me to be like, ‘Oh my God, let’s catch up,’ or ‘I need to see you this summer. When can we get together?’” said a fashion entrepreneur who has a seven-bedroom house in Sag Harbor. The entrepreneur, 39, who requested that her name not be published for fear of offending the people of whom she spoke, has had her Hamptons house for three years, and said the messages were becoming an annual occurrence. Some people with summer homes are finding ways to avoid playing host altogether.
Yet despite all odds, 61% of those surveyed said they plan to travel this summer, up from the 49% who said the same in summer 2021. Some 56% of adults are more likely to stay in a hotel this summer than they were in 2022, according to the AHLA/Morning Consult survey. Booking Holdings is also an analyst favorite, with an average rating of overweight and 10% upside to the average price target, per FactSet. While prices are still high, the latest consumer price index for April showed the airline fares index fell 2.6% month over month, after rising in February and March. Airlines are essentially sold out for summer travel, according to TD Cowen analyst Helane Becker.
Persons: Matt Kramer, They're, You've, Sylvia Jablonski, Kramer, Freed, Bernstein, David Vernon, Price, Robin Farley, Farley, James Hardiman, Hardiman, Josh Weinstein's, RevPar, Tony Capuano, Chris Nassetta, Biden, Hilton, they've, Airbnb, Brian Chesky, it's, Evercore, Mark Mahaney, amortization, Mahaney, Cowen, Helane Becker, Becker, — CNBC's Michael Bloom, Ashley Capoot Organizations: KPMG, KPMG Consumer, Survey, Cruise ETF, Royal, Holdings, Marriott, United Airlines, Morning, American, & Lodging Association, Cruises, UBS, Citi, CCL, CNBC, Hilton Worldwide, U.S . Travel Association, State Department, Booking Holdings, Booking, Airlines, Delta Air Lines, Copa Holdings, Panamanian, Copa Airlines Locations: United States, Royal Caribbean, United, Caribbean, CocoCay, Thursday's, China, North America, Asia, Europe
This expected strength in leisure spending means big business for an industry that was on its knees just three years ago. When the pandemic began, restaurants, bars and hotels were hard hit, shedding more than 8 million jobs in the first few months of 2020. A recent survey from Bank of America showed that 68% of Americans plan to take a vacation this year. Vacationing remained elevated in April with 2.7 million Americans not at work because they were on vacation, the highest level for that month since 2017. Leisure spending is usually first on the chopping block because of its discretionary nature.
It has been 37 years since Congress passed significant immigration reform, but a persistently high volume of migrants and an acute labor shortage have galvanized lawmakers. Republican Senator Thom Tillis said the end of Title 42 "sets the table" for Congress to craft new border-control laws as Republicans predict a wave of new arrivals. STARS ALIGNINGThe U.S. Chamber of Commerce, the nation's largest business association, has launched a campaign urging Congress to act. Republicans argue that is where the border security component comes in. Finally, passage of an immigration bill coupled with beefed-up border security could boost President Joe Biden's re-election campaign and give Republican candidates something to cheer too.
The leisure and hospitality sector continues to drive US job gains, the Labor Department said. Still, the US Travel Association estimates about 2 million open roles in leisure and hospitality. The leisure and hospitality sector encompasses restaurants, hotels, arts, entertainment such as theme parks, and other tourism-oriented businesses. Overall, the US Travel Association estimates about 2 million open roles remain unfilled in leisure and hospitality. Here's a look at who is hiring in restaurants and hospitality at large chains.
NEW YORK, Feb 24 (Reuters) - Fears of recession and the impact of inflation on consumer budgets could curb a rebound in travel demand reported by U.S. travel companies in the fourth quarter, although bookings are holding up so far this year, analysts said. U.S. travel spending in December 2022 totaled $97 billion, 3% above 2019 levels and 7% above 2021 levels, according to the U.S. Travel Association. The demand contrasts with declining home improvement sales and other discretionary purchases that have hurt furniture stores and retailers like Home Depot. International travel spurred demand growth for Airbnb and Marriott International Inc (MAR.O) in the fourth quarter. Group bookings are still down 15% compared to pre-pandemic levels, while headwinds in several industries continue to affect business travel, said Truist's Scholes.
That number includes both rocket launches and capsule reentries, and has been steadily climbing. A Falcon Heavy rocket launches the USSF-67 mission on January 15, 2023 from NASA's Kennedy Space Center in Florida. "Air space is going to be a critical, critical issue," Isom said, calling on new industries to contribute to the cost of air traffic control. A graph of FAA-licensed or permitted commercial space launches (excludes launches licensed by other U.S. government agencies, such as NASA or the Department of Defense). Together they create a moving target for space launches and the commercial airlines eyeing the same air space.
WASHINGTON, Feb 8 (Reuters) - The U.S. House of Representatives on Wednesday voted to end a requirement that most foreign air travelers be vaccinated against COVID-19, one of the few remaining pandemic travel restrictions still in place. The White House plans to end the COVID public health emergency on May 11. "As we approach the end of the public health emergency, the administration will review all relevant policies, including this one," the White House said. The CDC says vaccines continue to be the most important public health tool for fighting COVID-19 and recommends all travelers be vaccinated. Currently, adult visitors to the United States who are not citizens or permanent residents must show proof of vaccination before boarding their flight, with some limited exceptions.
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