Latest articles tagged recession

It is no secret that 2009 was a challenging year for the travel and tourism industry. With nearly every key indicator at historic lows, it seemed the industry was settling in for several difficult years. Despite numerous naysayers, it now appears 2010 will not be a year of settling into hard reality but a time of opportunistic growth.

After years of healthy growth, a perfect storm of global recession, high unemployment, terrorism scares, flu-pandemic fears and continued economic uncertainty took a devastating toll on the US travel industry in 2009. But usage of the Internet for researching, discussing and booking leisure and unmanaged business travel has shown surprising resilience.

Now is the Time to Invest in Online Marketing

The voice of the world's 100 foremost Travel & Tourism leaders, the World Travel & Tourism Council (WTTC) is calling for governments and organisations such as the United Nations, European Commission, G8 and G20, to re-examine the way policies that affect global Travel& Tourism are co-ordinated and implemented.

Impact Illustrates Need for Measured Response Based on Facts from Policymakers During Crises

As the economic downturn begins to intersect with the recovery, Deloitte announced a new report about talent trends in the changing economy based on a full year of in-depth research.

Best practices recommendation: Focus on hotel marketing plans and rate-obscuring tactics

Panera Bread Company (NASDAQ: PNRA) today reported that in the first quarter of fiscal 2010 Company-owned comparable bakery-cafe sales increased 10%. Franchise-operated comparable bakery-cafe sales increased 9% for the same period.

The March 2010 edition of PKF Hospitality Research’s (PKF-HR) Hotel Horizons® report predicts hotels in the U.S. will suffer a 1.1 percent decline in RevPAR for 2010, which will translate into an estimated 5.3 percent drop in net operating income[1] (NOI) for the year.

By Janet Winters, Principal, Winters Advertising & Public Relations