Travel

WHAT'S NEXT?: How we travel, where we travel and whether we travel at all will mean tremendous change in the decades ahead.

[New] Emissions from air travel had risen more than 1.5 times faster than previously predicted, and the fuel inefficiency of American carriers was partially to blame.
[New] Travel restrictions could cost US $ 10 billion in Chinese visitor spending: Travel restrictions related to the novel coronavirus from China could impact city and state economies across the United States.
[New] In the coming years, rural pockets of the central U.S. could become better connected to big cities like Atlanta and Dallas in a effort to reduce overall travel times.
[New] Current emissions from holiday travel in Austria are 5.8 million tonnes (2019) and emissions are expected to rise to 7.28 million tonnes by 2030 if the current trend continues.
[New] Golf's governing bodies in 2020 will roll out a new handicapping system that changes the ways in which golfers can compare themselves against other players, allowing for the first time an apples-to-apples system in which handicaps more easily can travel around the world.
Over the next five years, the space tourism market is expected to register a 16.9% CAGR in terms of revenues, and the global market size will reach $1167.3 million by 2024, from $624.4 million in 2019.
Global hotel rates will rise modestly in 2020 compared with previous years, by 1.3 percent, as supply growth is likely to continue to outpace demand growth in 2020.
LE's forecast for new hotel openings predicts that in 2020, Los Angeles will have a growth rate of 2.5 percent with 19 new hotels / 2,589 rooms opening.
The global travel industry is expected to grow 3.3% year on year, estimated to top almost USD 3 trillion by 2024.
Cambodia's economic growth is projected to reach around 7% by 2020 due to growth in exports, foreign investment inflows, tourism, and construction and real estate, sectors which are expected to enjoy continued growth.
This year, Malaysia set a goal of ensuring that 75% of travel is on roads with 3-star ratings and above by 2020.
From space enterprises to space tourism, this year will see the space private sector break out with new rockets, missions and plans.
The nascent space tourism and exploration sector is ripe for innovation - NASA will open up the International Space Station to private astronauts for the first time this year.
A group of industry stakeholders is urging the Trump administration to take action to ensure adequate supplies of fuel for freight and air travel and home heating in advance of a change in the type of fuel the maritime industry will use beginning next year.
New York City has been hit with a lot of hotel supply in recent years, but sources expect conditions in the market to improve by 2025.
The evolution in space tourism is expected to fuel the growth of the market.
The wellness tourism market is expected to reach $919bn in 2022, growing twice as fast as the tourism market.
Global Business Travel Market is expected to rise from its initial estimated value of USD 1375.36 billion in 2018 to an estimated value of USD 1915.83 billion by 2026, registering a CAGR of 4.23% in the forecast period of 2019-2026.
The LTI projects US inbound travel volume will decline 0.8 percent over the next six months as prolonged trade tensions and the high value of the dollar continue to weigh on demand for travel to the United States.
China's outbound tourism industry is expected to suffer over the next five years if its trade war with the US continues.
Latin America continues to bet on considerable growth in the tourism sector: Despite the dollar crisis, sales are expected to increase by 65% by 2019.
International airlines are relying on a global carbon offsetting plan to decrease CO2 emissions from air travel at 2020 levels, controlling the environmental impact of flying even as passenger traffic is forecast to grow.
International tourist arrivals rose by 4.0 percent in the first half of 2019, but trade tensions and Brexit uncertainty could hinder growth.

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Last updated: 15 February 2020