Skip to main content

Have You Planned Your Summer Vacation Yet?

In the last couple years, consumers might want to wait until the last minute to plan their vacations because they bet they could find a better deal when hotels and airlines had difficulty in filling up their empty rooms or seats. This may not be the case in the summer of 2010. The Wall Street Journal (May 6; by Scott McCartney) suggested travelers to arrange their summer vacations now because of the following reasons:

1. The economy has shown signs of recovery (probably not in the European market for a while). Several recent indexes, including retail sales, company expense, consumer confidence, unemployment rate, and even hotel occupancy rates, are moving upwards.
2. Airline capacity has been reduced during recession. Even without the merger of Continental and United, consumers may find less available seats in the summer.
3. Gas price continues to climb, which further challenge airlines to lower fares.

The good news (for consumers, yet bad news for hotel owners) is that consumers may still find good deals in hotels. While statistics from Bing Travel, Expedia.com, Travelocity.com, and other travel service websites show two-digit increase in airline price during the summer, there is no sign of higher hotel price at this point. If you have not arranged your summer travel, probably it is time.

References:
McCartney, S. (2010, May 6). Hoping for a summer trip? Book now. The Wall Street Journal, p. D1 & D2.
Picture was downloaded from: http://tinyurl.com/linchikwok05092010P

Comments

Popular posts from this blog

Yammer: A Social Networking Site Exclusively for the Workplace

Effective internal communications among employees are related to some desirable organizational outcomes, such as robust morale, a clear vision, low turnover, and high employee engagement. The question is what platform can serve the purpose. This ABC News video introduces “ Yammer ,” an exclusive internal communication tool for companies. A user must use a valid company e-mail address to sign up for an account. Once an account is validated, the user will be led to the company page that is pretty much like a Facebook page. The difference is that only the users whose e-mail addresses share the same domain can see the wall and communicate with each other. I have no question about whether Yammer could be a useful internal communication tool for companies, but I just wonder: how many social networking sites do people need for communication? Why people have to “create” so many platforms or channels for “effective communications”? To many people, Facebook is only for “friends,” whe

Luxury vs. Millennials and Their Technology: The Ritz-Carlton (By Julia Shorr)

Embodying the finest luxury experience, The Ritz-Carlton Hotel Company, LLC has been established since 1983. In 1998, Marriott International purchased the brand offering it more opportunity for growth while being independently owned and operated. They are known for their enhanced service level as the motto states, “Ladies and Gentlemen serving Ladies and Gentlemen”. The luxury brand now carries 97 hotels and resorts internationally and is attempting to keep the aspects of luxury while keeping up with the trends of the technologically improving generations. The Varying Demographics of the Target Market The Ritz-Carlton’s typical target market includes: business executives, corporate, leisure travelers, typically middle-aged persons and elders, and families from the upper and upper-middle class section of society .   This infers a large range of types of travelers in which all are similar in that they are not opposed to spending extra for the luxurious ambiance. However, with

How to choose the best credit cards for travel (By David Mai)

  Traveling in a Post-Pandemic World If there was one thing the pandemic taught us, it was that everybody became hesitant and unwilling to travel. Shaver (2020) of The Washington Post shared an interesting tidbit in which Americans were actually staying home less during the pandemic, according to research that tracks users' smartphone data.  The quarantine fatigue affected nearly everyone who lived an active lifestyle or loved to be out and about in the world. It was simply not a safe time, and too many regulations were in place that deterred consumers from traveling for leisure. Consequently, the COVID-19 pandemic significantly impacted the travel and hospitality industry. Yet, there is no doubt that people will yearn to travel again when the pandemic is fully lifted. Around this same time, credit card companies have developed unique ways to retain business with consumers who look to maximize rewards and benefits for their journey. A Little Preparation Goes a Long Way