Are airport lounges the next culinary frontier? If you are an American Express cardholder passing through Ronald Reagan Washington National Airport (DCA), the answer is a resounding yes. Today, the credit card issuer opens its 29th Centurion Lounge right outside the nation’s capital, and it comes with some serious foodie perks.
U.S. Travel Association: Travel prices decline
12.07.2024 - 16:01 / traveldailynews.com / Geoff Freeman / Vicky Karantzavelou
June’s CPI data indicates broad inflation easing, led by a notable 1.4% decline in travel-related costs (hotel, airline, gas) as per the U.S. Travel TPI, outpacing the overall economy’s modest 0.1% decrease.
WASHINGTON – Wednesday’s Consumer Price Index (CPI) release for June reveals an encouraging trend: Inflation is easing across the board – and travel-related goods and services are at the forefront. For the second month in a row, prices throughout the travel sector have fallen, and at a steeper rate than the overall economy.Acco rding to the U.S. Travel Association calculated Travel Price Index (TPI), prices decreased an impressive 1.4% from the previous month, led by lower hotel, airline and gas prices. In contrast, the overall economy saw a modest 0.1% decrease, the first monthly decline since 2020. Comparisons month-to-month, year-over-year, and against pre-COVID-19 levels all show today’s prices are more favorable for travelers.
“Now is the time for the travel industry to boost volume,” said U.S. Travel Association President and CEO Geoff Freeman. “We’ve already seen travelers take advantage, with eight of the ten busiest days in TSA’s history occurring in 2024. It’s essential that the industry is equipped with the right funding, resources and technology – coupled with sustained government focus—to meet an increase in demand.”
U.S. Travel updates the TPI monthly following the CPI release from the Bureau of Labor Statistics (BLS).
U.S. TravelAssociation is the national, non-profit organization representing the $1.3 trillion travel industry, an essential contributor to our nation’s economy and success. U.S. Travel produces programs and insights and advocates for policies to increase travel to and within the United States.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Autors
Popular Topics
cntraveler.com
17.07.2024 / 11:23
150+ Prime Day Deals for Travelers (2024)
Start filling your shopping carts: Amazon Prime Day is here! The highly-anticipated two-day savings event began yesterday and runs through the end of the day on Wednesday, July 17. Amazon is offering some of its biggest discounts of the year across all categories, meaning you can even save on big-ticket items like best-selling tech essentials and luggage sets—there's really no better time of year to stock up on comfortable clothing and shoes, luggage and bags, outdoor gear, home goods, and more. To make sure you don't miss out on any of the best Prime Day deals, we rounded up our top picks for travelers below, with items as much as 60 percent off.
skift.com
17.07.2024 / 07:45
More Trips, Higher Prices: Business Travel Spending May Finally Top 2019 Levels
Business travel spending by U.S. companies may finally exceed pre-pandemic levels by the end of the year, according to a Deloitte report released Wednesday.
travelpulse.com
16.07.2024 / 20:31
Travel Prices Drop, Leading To Increased Optimism and Demand
In a promising economic development, the Bureau of Labor Statistics’ (BLS) June Consumer Price Index (CPI) report shows a notable reduction in inflation overall, with travel-related costs leading the way. For the second consecutive month, the travel sector has experienced a more significant price drop than the overall economy.
travelpulse.com
16.07.2024 / 20:30
Equality, Travel Disruptions and Flexibility are Top-of-Mind for Business Travelers
Business travelers from around the world are increasingly concerned with equal opportunities for business trips, travel disruptions and a less flexible business travel environment due to cost-saving measures, according to the sixth annual SAP Concur Global Business Travel Survey.
traveldailynews.com
16.07.2024 / 10:45
World Travel Awards to stage first ceremony in Philippines
World Travel Awards plans its first Philippine ceremony in Manila, highlighting significant tourism growth and infrastructure investments.
traveldailynews.com
16.07.2024 / 10:40
Travel Nevada bolsters Industry Development team with two new recruits
Travel Nevada welcomes Elsa Gomez as Global Market Manager and Yessenia Vega as Market Development Coordinator, enhancing their Industry Development team to boost international tourism efforts.
traveldailynews.com
16.07.2024 / 10:21
BCD survey reveals gap between travel policy and traveler compliance
Despite high awareness of company travel policies among business travelers, a BCD Travel survey reveals a significant gap in compliance, with deviations often due to inflexible or unresponsive policies, highlighting the need for more adaptable and traveler-centric regulations.
traveldailynews.com
16.07.2024 / 10:19
Latin American Travel Association partners with Safer Tourism Foundation
The Latin American Tourism Association (LATA) partners with the Safer Tourism Foundation to enhance traveler safety, offering members expert resources and a dedicated safety webinar.
insider.com
13.07.2024 / 16:21
I flew United's basic economy. The fare is restrictive, but I'd book again if the price were right.
United Airlines introduced a "basic economy" ticket in 2017 to compete with budget carriers like Frontier and Spirit Airlines.
travelandleisure.com
13.07.2024 / 11:01
Frontier's Unlimited Flight Pass for Fall Is Under $300 Right Now — Snag It Before the Price Goes Up
Frontier Airlines is discounting its unlimited flight passes for fall and winter, making it easier to plan an epic getaway (or a few).
euronews.com
13.07.2024 / 06:55
Price rises brewing for tea drinkers as extreme weather hits harvests
Heatwaves and floods have had a hugely detrimental impact on India’s tea production, with excessive heat in May followed by flooding in Assam hitting output level. As a result it's estimated that the average price of tea could rise by up to a fifth.