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Despite Some Worrisome Signs, Robust Travel Economy Expected - Travel Weekly
While a number of aspects of the U.S. economy could affect people's propensity to travel, economists largely believe the outlook will remain strong for the foreseeable future. And at the moment, travel agencies are benefiting from a period of strong bookings for the next several years, signaling continued strength. Yet some indicators, including a drop in consumers' intent to travel for leisure, have led travel marketing firm MMGY Global to predict a travel recession. MMGY CEO Clayton Reid predicted the market will change in the next 12 to 18 months. In part, that's because MMGY is seeing some rate sensitivity in the market, typically a sign of challenges to come.
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