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☆ Here's how a government shutdown could impact travel this holiday season
▼ + stars: | 2024-12-20 | by ( Zoë Richards | Zoë Richards Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

The looming specter of a government shutdown could spell delays for holiday travelers this year. A shutdown could also translate to $1 billion per week in losses to the American travel economy, according to the U.S. Travel Association. People opting to travel by car could also face longer trips, even though the nation’s highways aren’t immediately affected by a government shutdown in any meaningful way. AAA said it projected that roughly 119 million people would trek 50 miles or more from home during the holidays, from Dec. 21 until Jan. 1 — an increase of about 3 million travelers from a year before. “This year, with Christmas Day falling on a Wednesday, we’re anticipating record-breaking travel numbers the weekend before and the weekend after the holiday,” Stacey Barber, vice president of AAA Travel, said in a statement this month.

Persons: isn’t, David P, Pekoske, Joe Biden’s, callouts, we’re, ” Stacey Barber Organizations: Transportation Security, U.S . Travel Association, The, Federal Aviation Administration, TSA, Dallas, Fort Worth International Airport, Tourism Economic, Rail, Amtrak, Federal Railroad Administration, of Railroad Safety, AAA, AAA Travel Locations: U.S, aren’t

“This will be the first Olympics, since Sydney, where the total costs are coming in under $10 billion,” said Victor Matheson, a College of the Holy Cross professor of economics who has researched the financial costs of the Olympics. Workmen adjust banners on the 3x3 basketball venue located at La Concorde, in Paris, ahead of the 2024 Olympic Games. Additionally, the Paris Olympic Village will be converted into offices and housing in a historically impoverished neighborhood. Still, economists say, it may take more drastic moves in the future for the Olympics to be truly sustainable and economically sound. “I love the Olympics, and I love sporting events, but I just really do not think that the way the Olympics works now is a viable business model,” Phalin said.

Persons: ”, Victor Matheson, “, “ It’s, David Gray, Andrew Zimbalist, ” Zimbalist, Michael Kappeler, it’ll, Fabrice Coffrini, Zimbalist, ‘, Amanda Phalin, Christian Petersen, I’m, ” Phalin, you’ve, it’s, Andrew Medichini, shuttlecocks, Matheson, Phalin Organizations: CNN, Olympic, Paralympic Games, Paris Games, of, IOC, La Concorde, Getty, Mexico City Games, Montreal Games, Smith College, Olympics, Oxford University, Audit Board, Tokyo, Eiffel, Paris, University of Florida’s Warrington College of Business, Games, of Investment, Development Authority, French, ” Workers, Palais, AP Paris Locations: Paris, Sydney, La, AFP, Mexico, Munich, ” Los Angeles, Tehran, Beijing, Sochi, France, “, Lake Placid , New York, Lake Placid, ”, Los Angeles, Oklahoma

☆ It's a small world with a big impact: Disney generated over $40 billion for Florida in fiscal year 2022
▼ + stars: | 2023-11-16 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Disney experiences brought in $40.3 billion in economic activity in Florida in fiscal year 2022. Disney economic activity is keeping unemployment low and tax revenue high. That study looks at the total impact of Disney experiences in Florida, which includes the Walt Disney World Resort , Disney Vacation Club, and Disney Cruise Line. In essence, about one out of every 36 dollars spent in Florida directly or indirectly came from a Florida Disney experience. AdvertisementIn total, according to the report, Disney generated $6.6 billion in taxes in fiscal year 2022.

Persons: —, it's, Adam Sacks, Ron DeSantis Organizations: Disney, Oxford Economics, Service, Walt Disney World, Disney Vacation, Disney Cruise, Oxford, Oxford Economics's Tourism, Florida Disney, Central, Bureau of Labor Statistics, Walt Disney Locations: Florida, Oxford Economics's, Central Florida, California, Walt

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

☆ Amazon partners with travel site Priceline in a first for Prime Day
▼ + stars: | 2023-07-10 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +2 min

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

☆ Asia-Pacific's travel industry could be the first to recover by 2023
▼ + stars: | 2022-10-17 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +3 min

A new report indicates the travel industry in Asia-Pacific may be the only one in the world to recover by 2023. This year's "Travel & Tourism Economic Impact" report — an annual publication by the London-based World Travel & Tourism Council — shows that, compared with pre-pandemic levels, tourism revenue in 2020 dropped more in Asia-Pacific (59%) than anywhere else. The 10-year forecastThe WTTC's report expects continued gains to Asia-Pacific's travel industry in 2023, followed by another year of positive growth in 2024. Where travel jobs will beThe WTTC predicts the global travel industry will add 126 million new jobs in the next decade. The China issueThe report notes that Asia's ability to fully rebound by 2023 could be jeopardized if China continues to restrict international travel.

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