Tuesday, March 14, 2017
Trump Slump Silver Lining?
I woke up this morning to a piece on the radio about the Girl Guides of Canada suspending all trips to the United States due to the current travel restrictions and fears that if one girl on a bus trip to New York, for instance, is denied entry that they couldn't very well leave her at the border.
See story here
This is just the latest in a story I've been following about the sudden drop in travel to the United States since President Trump announced his infamous "travel ban". Travel companies Frommer and Kayak have cited drops in individual hotel rates in the 30% range. Domestic travelers typically don't spend as much as foreign visitors, affecting the one-in-eight people in the United States who earn their living either directly or indirectly from the travel industry.
ConferenceDirect has already canvassed its associates to find out how the current regulations are affecting our clients. I'm sure I'll hear more about that at our Annual Partner Meeting in Baltimore at the end of next month.
We've already seen a softening in group hotel rates in the wake of unprecedented demand over the last few years. Could this mean a significant shift in what has been a sellers market?