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Timeshare Business News: February 10, 2018

Monopoly Board 

$$$► End-of-year 2017 data gathered by Spain-based consultancy firm ForwardKeys, which helped forecast future travel by analysing almost 17 million flight booking transactions a day, global long-haul flight bookings were 10.4 % ahead of the same time in 2016 — except for the USA, which was down from the rest of the world.

Looking back on 2017, global intercontinental flight arrivals rose +7.0%. Inbound air travel to the Asia Pacific region was up 4.4%. To Africa and the Middle East, intercontinental flight arrivals were up 11.5% and to Europe, they went up to 13.3%.

The only negative was the Americas, where growth was virtually nothing, 0.1% up from 2016.

ForwardKeys’ data implied that President Donald Trump’s ban on nationals from seven mainly Muslim countries entering the USA appears to be deterring travellers from other countries around the world, too. The findings show that after Mr Trump’s initial travel ban (imposed on January 27, 2017) net bookings issued from those seven countries (Iraq, Syria, Iran, Libya, Somalia, Sudan and Yemen) between January 28 and February 4 were down 80% on the same period in 2016.

Significantly, ForwardKeys also looked at wider international trends in bookings to the US and discovered a 6.5% negative variation compared with the equivalent eight-day period the year before. It suggests the turmoil over his ruling is putting off people travelling to the US from many regions of the world.

Bookings from Northern Europe were down 6.6%, from Western Europe were down 13.6% and from Southern Europe down 2.9%. Travel from the Middle East was down 37.5% and from Asia Pacific down 14%. If one analyzes total outbound bookings from each of those regions to provide a benchmark, in every case, the USA has lost market share as total outbound travel from Northern Europe was flat, from Western Europe was down 1%, from Southern Europe was up 3.1%, from the Middle East was down 13% and from Asia Pacific was down 8.9%.

If you’re thinking “So what?”, then think what that means in terms of dollars. In 2016, the U.S. travel and tourism industry generated over $1.5 trillion in economic output, supporting 7.6 million jobs, according to SelectUSA, an international trade analyst firm. That represents 2.7% of overall GDP.

Imagine this: Just over the first three months of Donald Trump’s presidency, 697,791 fewer foreigners visited the U.S. than normal, down 4.2% to 15.8 million people, according to new figures released by the U.S. Department of Commerce. That drop accounted for a whopping loss of $2.7 billion in spending, according to Tourism Economics.

The demand for flights to nearly every major US city fell this year, according to the booking engine Kayak. Kayak found that British interest in Philadelphia, San Francisco, Orlando and Las Vegas fell by at least 10 percent compared with 2016, while demand for flights to a further eight – including New York and Los Angeles – dropped by five percent or more.

The trend has been labelled by the travel industry as “The Trump Slump”. Is that realistic?

Did you guys and gals notice a drop in foreign guests at the little round tables last year? What do your numbers look like?



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1 comment

  1. Anonymous

    They may call it “The Trump Slump”; but that’s not correct.

    He was credited (and accepted) recently for “The Trump Bump”

    Now he should also accept with open arms: “The Trump Dump”!




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