Current Travel Landscape and Future Trends - Geoff Freeman, U.S. Travel Association

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A storm of activity has swirled around the travel industry in recent years – nearly all of it dampening demand for our product. From the uproar over TSA screening, to the assault on corporate meetings and events to crises like swine flu and the BP oil spill, the travel industry has confronted challenges of the sort it has never before seen. Are more problems in store? Could the travel industry have prevented these problems? Geoff Freeman, Executive Vice President of the U.S. Travel Association, will discuss the threats facing the travel industry and how we capitalize on opportunities to thrive in the years ahead.Sponsored by: AAA

Transcript

Hoosier Hospitality Conference

March 15, 2011

Ranking the Travel Industry (output)

Revenue(billions)

Jobs(millions)

Taxes(billions)

$546.3 3.0 $65.7

$668.1 2.3 $76.1

$772.5 7.7 $115

$897.8 2.8 $98.8

Industry

Chemical

Auto

Travel

Insurance

Big Impact, Little Support

FLU

Washington Opinion Leaders Say:Jobs Are Low Paying

Washington Opinion Leaders Say:Leisure and Business Travel is Frivolous

Washington Opinion Leaders Say:“Fun and Entertainment” = Less Important

Travel: Frivolous or Necessary?

NecessaryCore Business Function

Commonplace

UnnecessaryDispensableFrivolous / Luxury

Makings of Something Greater

Makings of Something Greater

War on Travel? Industry Fights Back

Law Is Signed to Create AU.S. Tourism Board

Step 1: Acknowledge Problem

Same Problem

FrivolousNon-Essential

Luxury

Step 2: Become Advocates

What You Can Do

signmeup@ustravel.org

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