US personal consumption spending on recreation services is forecast to grow 9.9% annually in nominal terms through 2026.
U.S. consumers are breathing a bit easier now that gasoline prices have come down from record levels, but pump prices are still high.
Global travel prices are predicted to continue to increase in the remaining months of 2022 and throughout 2023, according to the 2023 Global Business Travel Forecast.
As much as 57% of the 2019 bookings have been recovered by Sabre in the second quarter of 2022. In the second quarter total revenue has been $658 million.
Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit after a months-long bidding war for the budget carrier.
A new analysis by the World Travel & Tourism Council (WTTC) estimates 412,000 Travel & Tourism jobs in the U.S. will remain unfilled this year.
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