Cruise and all-inclusive resort sales are even or up over last year, despite economic worries, report agents in Results! Travel’s second member census for the midyear state of the industry report.”With the economy, additional fuel surcharges, airline capacity reductions and other financial pressures facing agencies and consumers at large, there’s no glossing over the significant challenges facing individual agency owners,” said Results! Travel general manager John Risner.
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Archive for July 1st, 2008
If you pay attention to headlines or the lead items on the nightly news, it would be easy to conclude that the sky was falling, at least economically. Combine this doom-and-gloom talk of a recession with the well-documented problems of the airline industry, and it would be natural to conclude that the lodging business would be equally afflicted.
But the numbers don’t bear this out.
Commerce Dept. figures show growth in gross domestic product of 0.9% for the first quarter, while a recession is usually defined as two straight quarters of GDP decline. And the lodging industry is projecting almost identical growth figures for 2008.