Travel News Report
Oct. 16, 2013

Lutz: Gas prices could dip below $3 by year-end
Yahoo Finance
According to David Lutz of Stifel, Nicolaus & Company, consumers are going to get a big boost to their wallets before the end of the year — and the source could surprise you. According to Lutz, the Environmental Protection Agency is about to make some long-overdue adjustments to the federal ethanol mandate that's been acting as a stealth tax on American drivers for years. The result could push the national average price for a gallon of gas lower than anything we've seen since the depths of the Great Recession.More

Long-term growth forecast for Texas economy
Wilson County News
According to The Perryman Group's most recent forecast, most cities in Texas are well positioned for long-term growth. Business activity is projected to become increasingly concentrated in the major population centers, and Texas' six largest metropolitan statistical areas are projected to generate three of every four net new jobs through 2040.More

Business travel spending on the rise
USA Today
Spending on business travel is expected to rebound next year, according to a new forecast from the Global Business Travel Association. But the partial shutdown of the federal government is already having a chilling effect, and could weaken the projected bounce.More

Government shutdown costs US $152 million per day in lost travel spending
Successful Meetings
Now in its third week, the shutdown of the federal government is costing the U.S. economy billions of dollars every day — including $152 million per day in economic output due to lost travel-related activity, affecting as many as 450,000 American workers supported directly or indirectly by the travel industry, according to the U.S. Travel Association.More

Southwest Airlines counts down to Wright Amendment end
At this time next year, travelers at Dallas Love Field will be able to fly nonstop to their destination instead of stopping in another Texas city or surrounding state first.More

Survey: Age matters in assessing traveler behavior — sometimes
Business Travel News
New survey results released by Expedia and its Egencia corporate travel division point to some familiar behavioral differences between younger and older travelers. But a closer examination of the data shows those differences aren't as pronounced — or, in some cases, apparent at all — in North America as they are elsewhere.More