LCT Magazine Adjusts To Digital Media Realities
APRIL LCT Pub Page: Don’t be fooled. This new world brims with opportunities for you.
DOMESTIC TRAVEL PIE:
$641 billion in 2007 spending by U.S. residents.
BUSINESS TRAVEL PORTION:
$212 billion in 2007 spending.
PREMIUM AIRLINE TRAFFIC:
Global sales of high-end seats fell 22% in April, compared with same month in 2008.
COACH SALES:
Number of travelers on coach tickets rose 0.3% in April, compared with same month in 2008.
HOTEL SALES:
Revenue per available room — a key metric — was down 18.7% for 2009, as of May 31.
CORPORATE SPENDING:
87% of execs surveyed in study say their companies to spend less on travel this year.
SECOND-QUARTER EARNINGS:
Analysts surveyed by Thomson Reuters expect five major U.S. carriers to post adjusted losses.
Sources compiled by The Associated Press:
U.S. Travel Association, International Air Transportation Association, American Express/CFO Research Global Business & Spending Monitor, STR Global.
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