TI News: An information service from Office of Travel & Tourism Industries (OTTI)
July 10, 2012
NORTH AMERICA PROJECTED BOOKINGS TO THE UNITED STATES
CANADA Travel Trade Barometer: 2012 Bookings to the United States Projected to Remain Strong
- According to the U.S. Department of Commerce sponsored Canada Travel Trade Barometer, a strong majority of tour operators surveyed (as of February 29 - April 13, 2012) projected higher bookings through the first half of 2012. Four out of five respondents projected bookings to be higher.
- The top motivators for travel to the United States over the next six months were the exchange rate to the U.S. dollar, the economy in Canada, and the expected level of promotion by U.S. destinations and businesses.
- All of the past entry and exit concerns have for the most part dissipated, and were rated as not having an impact on travel to the United States.
- Challenges for increasing bookings focused on natural disasters in the United States, the global economy, higher airfare, and the promotion from other long-haul destinations.
MEXICO Travel Trade Barometer: Respondents Projecting Increased Bookings through the First Half of 2012
- According to the U.S. Department of Commerce sponsored Mexico Travel Trade Barometer, Mexican tour operators (66%) reported (as of February 29 - April 13, 2012) that projected bookings would be higher in the second quarter of 2012, on average, compared to second quarter 2011 bookings.
- Over the next six months, the exchange rate to the U.S. dollar is listed as the top motivator for travel to the United States. Other motivators include the economy in Mexico and accommodation rates.
- In this survey session, the level of promotion by other long haul competitive destinations ranked as the top deterrent for travel to the United States. Other deterrents listed, on average, included visa processing time and entry and exit requirements.
NATIONAL EXPORT INITIATIVE:
To improve conditions that directly affect the private sector's ability to export and to boost employment recovery, on March 11, 2010 President Obama created the National Export Initiative (NEI). The automation of the arrival/departure Form [CBP Form I-94W] for Visa Waiver Program travelers supports this initiative as the automated form will greatly improve the measurement and timely release of international arrival data to the United States. To learn more about the NEI, you are encouraged to visit <http://www.trade.gov/nei/index.asp>.
BACKGROUND AND SOURCE:
Travel Market Insights (www.travelmi.com) conducts the Canada, Mexico, United Kingdom, Japan, Germany and People's Republic of China Travel Trade Barometer programs. The U.S. Department of Commerce, Office of Travel and Tourism Industries, is a sponsor and was the initial developer of the barometer program. The Barometer program is conducted with support from the U.S. Commercial Service and various Visit USA Committees and additional sponsors.
The Travel Trade Barometer survey is conducted on a quarterly basis in Canada, Mexico, the United Kingdom, Japan, Germany and the People's Republic of China and is available through subscription. Discussions with industry partners to add Brazil, Australia, South Korea and India are in progress. For more information, please contact Scott C. Johnson at Travel Market Insights on 518-668-2559.
Reports sent to subscribers include additional information, such as:
- Bookings - looking at the past quarter and the next two quarters for U.S. and competitive regional destinations;
- Short term bookings for more than five specific travel segments; and
- Over 15 motivators or deterrents for travel to the United States.
Specific (proprietary) destination data is also available through a subscription.
For more information on the Travel Barometer Program, please visit http://tinet.ita.doc.gov/research/programs/barometer/index.html
U.S. Department of Commerce, International Trade Administration
Office of Travel and Tourism Industries (OTTI)
1401 Constitution Avenue N.W., Room 1003
Washington, D.C. 20230
Phone: (202) 482-0140
Fax: (202) 482-2887