Travel News Report
Nov. 28, 2012

Morgan Stanley: Minimal growth expected for 2013 travel budgets
Business Travel News
A majority of corporate travel buyers expect to spend modestly more on air travel next year, with most projecting year-over-year increases in trip volumes and average airfares, according to a Morgan Stanley survey of 369 corporate travel managers. Projected budget growth rates have moderated from 2012 levels, according to Morgan Stanley.More

Fitch: 'Fiscal cliff' could hurt air travel
The Associated Press via CBS MoneyWatch
The number of airline passengers could drop by as much as 5 percent, if a mix of spending cuts and tax increases takes effect at the beginning of 2013, Fitch Ratings wrote in a report. Fitch said that 20 years of air traffic data suggest that passenger volume will be flat to down 5 percent, if the so-called "fiscal cliff" scenario happens.More

Conference focuses on attracting international tourists to US
Las Vegas Review-Journal
Expect nationwide efforts to attract international travelers to carry on despite increased travel restrictions. From 2001 to 2010, the U.S. lost about 80 million tourists because of increased travel restrictions after the Sept. 11, 2001, terror attacks. But officials from a key travel summit signaled they won't let that happen again.More

US travel industry to add nearly 100,000 jobs by 2013
U.S. Travel Association
The U.S. Travel Association has projected increases in leisure, business and international inbound travel next year will enable the industry to add 98,800 American jobs by the end of 2013. Leisure travel is expected to rise 1.2 percent, business travel is projected to increase nearly 1 percent and international inbound travel will increase 4 percent. These job gains will increase direct travel industry employment to more than 7.6 million jobs next year.More

Travel Blitz: U.S. Travel Association announces 2013 grassroots program
U.S. Travel Association
The U.S. Travel Association has announced Travel Blitz, a 2013 grassroots advocacy program to stress the power of the $1.9 trillion travel industry and its 14.4 million-strong workforce to both freshmen and incumbent members of Congress. It will leverage the strength of U.S. Travel's 1,200 member organizations in identifying and developing congressional advocates in key districts and states nationwide.More