Plunkett Research Reports Major Trends Influencing the Travel and Tourism Industry
Business Wire- 11/3/2009 9:43:00 AM EST
Plunkett Research Reports Major Trends Influencing the Travel and
Tourism Industry
( BW)(TX-PLUNKETT-RESEARCH)(.) Plunkett Research Reports Major Trends Influencing the Travel and
Tourism Industry
Plunkett Research, Ltd. has identified major trends shaping the travel
and tourism industry today. These trends show why the industry is facing
one of its toughest times in decades. A complete industry trends and
statistics analysis is provided in Plunkett’s
Airline, Hotel & Travel Industry Almanac, 2010 edition.
“The 2009-2010 period finds the travel industry continuing to face
challenging times,” said Jack Plunkett, CEO. “Consumers’ budgets are
tight, and they are cutting down on discretionary expenses such as
travel. When the middle class does take a vacation, it is on a reduced
budget. Meanwhile, business travel budgets are tight as well.”
Plunkett’s
Major Trends in the Airline, Hotel and Travel Industry:
Airlines Face Economic Challenges
Open Skies Agreement on Trans-Atlantic Travel
Boeing and Airbus Continue Their Struggle for the Best New Aircraft
Airports Hit Hard by Tough Economy
Huge Travel Markets in China and India
Booking Over the Internet Becomes the Norm
Sustainable Tourism and Ecotourism Grow
Hotel Occupancy Rates Fall/Pod Rooms Emerge
Steady Cruise Industry Bookings
High Speed Passenger Trains, Including Maglev, Boom
Self-Check-In and Other New Technologies Save Labor
Las Vegas Hotels Slow
Jack Plunkett continued, “Most airlines have cut routes and reduced the
total number of seats available, partly by removing older, fuel-guzzling
aircraft from service. Travel providers of nearly all types are
competing fiercely on price or are offering their customers special
inducements and packages.”
A complimentary Introduction
to the Travel Industry can be viewed at Plunkett’s website. ‘We
believe that the travel and tourism industry will continue to
restructure and seek ways to reduce costs. The travel sector is going to
post dismal financial results for 2009. However, increased use of
labor-saving technologies, fuel-saving strategies and better operating
efficiencies will help going forward,” Jack Plunkett said. “Meanwhile,
the cruise industry remains very strong, while discount airlines and
value-priced hotels show promise.”
About
Plunkett Research, Ltd.
Plunkett
Research is a leading provider of industry trends analysis
and market
research. Our reports and data
services are used by the world’s top corporations, consultants,
universities, libraries and government agencies. Plunkett’s products
save time and effort when you need competitive intelligence, market
research or marketing
data. We cover such industries
as healthcare,
ecommerce,
computers,
retailing,
entertainment,
renewable
energy and telecommunications.
CONTACT:
Plunkett Research, Ltd.
Jack W. Plunkett, 713-932-0000
media@plunkettresearch.com
www.plunkettresearch.com
KEYWORDS: United States North America Texas
INDUSTRY KEYWORDS: Seniors Other Consumer Transport Air Travel Cruise Destinations Vacation Lodging Transportation Other Travel Consumer
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