Cancun convention & visitors bureau trends and Economy Report – September 2009



Download 286.69 Kb.
Page1/4
Date conversion19.10.2016
Size286.69 Kb.
  1   2   3   4



CANCUN CONVENTION & VISITORS BUREAU

Trends and Economy Report –

September 2009


AIRLINES
Low-cost carriers battle for the Caribbean
USA Today
AirTran currently serves only San Juan and Cancun. On a whimsical side note, the Air Capital Insider blog out of Wichita came up with this top-shelf ...
See all stories on this topic
AirTran looks to add service to Caribbean
Reuters
AirTran began offering flights to Cancun, Mexico, in February. AirTran, based in Orlando, has moved to reduce debt and fuel-related costs as the economic ...
See all stories on this topic
Autumn airfare sales from $39
msnbc.com
The sale even includes some jaw-dropping rates to Cancun from just $79 each way and Puerto Rico from $99. Plus, as an added bonus, AirTran is offering an ...
See all stories on this topic


How budget-friendly is a last-minute Labor Day trip to Honolulu?
Los Angeles Times
4 in its list of top Labor Day weekend destinations (following Las Vegas, New York City and Cancun). With daily average hotel rates around $111, ...
See all stories on this topic

Compare sale prices before you buy
Dallas Morning News
Sample one-way fares include $69 to Orlando, $74 to Atlanta, $79 to Cancún, $84 to Boston and $159 to San Juan. Taxes and fees are additional. ...
See all stories on this topic
JetBlue's “All You Can Jet” Already Over
BlackBook Magazine
... a sweet deal launched for September -- $599 to jet to any one of JetBlue's 56 destinations for an entire month (yes even Aruba, Cancun, and Bermuda) ...
See all stories on this topic
Orbitz Insider Index Reveals Most Popular 2009 Labor Day Weekend ...
PR Newswire (press release)
While Las Vegas and New York retain the top spots in the Index, a number of other positions have changed with Cancun and Honolulu moving up in the ranking. ...
See all stories on this topic
All-You-Can-Fly This Fall from JetBlue
About - News & Issues
JetBlue flies to 50+ cities including New York, Las Vegas, Cancun, Puerto Rico, San Francisco, Bermuda, Boston and Los Angeles. You have to join the (free) ...
See all stories on this topic
Airport Check-in: Atlanta airport claims world record

Posted: 17 Aug 2009 02:05 AM PDT

From USA TODAY's Airport Check-in column: "Atlanta Hartsfield-Jackson says it set a world record for monthly flights in July. Using Federal Aviation ...



TOUR OPERATORS


Tour operators seeing signs of recovery


By: Michelle BaranSeptember 11, 2009

Tour operators spent the first half of the year desperately waiting for the phones to ring. And then, in a possible early indicator of recovery, the late-booking calls started coming in.

"Mid-June, we saw the last-minute booking pattern come virtually out of nowhere," said Paul Wiseman, president of Trafalgar Tours. "Things started to accelerate for late-summer travel for Europe as well as domestic for the U.S.

"The bookings have exceeded last year, sometimes by over double. And when you consider we really didn’t get into the bad booking pattern until September [last year], what that’s done is put a really sweet end to what was initially looking like a very sour year."

An uptick in business over the summer months has prompted Collette Vacations to readjust its year-end revenue projection by an additional $11 million, compared with what the company projected for the year in May, said Collette CFO John Galvin.

Galvin said that August bookings for travel within 2009 were up 105% compared with August 2008; July was up 93%, and June was up 87%.

"A year ago, you entered the perfect storm of negatives for tour operators," said Galvin. "Vendors were undercutting you, consumer confidence was down, all the negatives that could occur, occurred."

But, he added, "The pickup in bookings from June through August has had a very positive impact on our numbers for the year. It is still a tough year, but we are seeing the light at the end of the tunnel."

Unfortunately for operators, the severe downturn that took hold last September continued into their busiest booking season, January through March. The summer months are a moderate booking period, and the end of the year is traditionally the slowest time of year.

So, while operators are pleased with the increase in business this summer, no one has said 2009 will end ahead of 2008.

Wiseman said Trafalgar has already readjusted its 2009 projections twice but still isn’t sure where the year will end.

"It’s actually difficult to calculate where we’re going to finish this year," said Wiseman. "There’s no historical precedent for this whatsoever."

Even in the luxury segment, things seem to be stabilizing somewhat.

"We have definitely seen an increase in business compared to the same time last year — about 25%," said Scott Wiseman, president of Abercrombie & Kent USA. "Travel agents tell us that although their clients have tightened their belts over the past year, they are now ready to reward themselves with a vacation."

A rainy, cool summer in the Northeast and much of the Midwest may also be a factor, he said, as the biggest increases are to warm-weather destinations such as Egypt and Morocco. "We anticipate continued very short lead-time bookings for the remainder of the year and are now seeing strong interest in holiday travel," Scott Wiseman said.

While the late-booking summer uptick might not save 2009, operators are already looking ahead to 2010, where they have two things going for them: early booking patterns that suggest positive performance and early hedging and pricing contracted into April 2011 that will only become increasingly attractive if and when foreign currencies strengthen against the dollar and suppliers begin to increase prices as the global economy stabilizes.

"As of the end of August, we’re [ahead] 49% in people under deposit for 2010, compared to where we were a year ago for 2009," said Galvin.

If the positive trend continues, tour operators that were faced earlier this year with supplier retail pricing so severely discounted it threatened the value of packages could now be singing an entirely different tune.

"We negotiated everything and locked in all of our contracts all the way through April 2011, and we will absolutely benefit from that," said Trafalgar’s Wiseman.

  1   2   3   4


The database is protected by copyright ©ininet.org 2016
send message

    Main page