MMGY Global CEO Clayton Reid reflects on the recent warning signs we have seen in our research as well as in the economic news and revenue forecasts that pervade around the world.
“One could choose to be optimistic. After all, we have had 100-plus straight months of travel expansion in the United States and there are now parts of the world that are just starting to join the travel revolution, including emerging economies with hundreds of millions of travelers now spending in destinations that have long hoped for the benefits,” says Clayton. “But despite these positive factors, I see increasing and worrying signs about where worldwide demand is headed and evidence that suggests the U.S. is poised for a slowdown across every travel category.”
Learn more about why we believe a slowdown is on the horizon and how this can create opportunities for proactive travel marketers here.