Travel News Report
Dec. 10, 2014

Economists see revved-up US economy next year
In case you missed it, the U.S. economy is picking up speed. That's the view of a panel of business economists, whose latest growth forecast calls for a 3.1 percent advance in U.S. gross domestic product in 2015 — up from a 2.2 percent expansion this year. More

Millennials fueling travel recovery
Hospitality Upgrade
Among the most interesting trends uncovered in 2014 Portrait of American Travelers, an annual survey of the habits, preferences and intentions of American travelers by travel marketing services firm MMGY Global, is that millennials (those between the ages of 18 to 34 in 2014) will be the driving force behind the continuing recovery of the U.S. travel industry. More

Travel employment reached record high in November
Successful Meetings
Travel industry employment reached an all-time high in November and logged its fifth consecutive month of growth, according to the U.S. Travel Association, which recently published an analysis of the U.S. Department of Labor's latest jobs report. According to the analysis, the travel industry added 8,500 jobs last month.More

US airline stocks return to pre-9/11 levels for first time
Bloomberg via Skift
Airline stocks hit their highest levels in almost 14 years, bolstered by a gain of more than 6 percent for United Continental Holdings Inc. after JPMorgan Chase & Co. raised earnings estimates for the carriers and said their shares are undervalued. The Bloomberg U.S. Airlines Index rose as much as 3.5 percent, reaching its highest intraday level since February 2001. More

US works to draw international business tourism
VideoBriefThe Morning Joe panel talks with Chris Thompson, president and CEO of Brand USA, a public-private partnership that aims to drive international business tourism to the U.S.More