How Stable is the Travel Industry Right Now?

Image: PHOTO: Travel agent at work. (photo courtesy of Thinkstock)
Image: PHOTO: Travel agent at work. (photo courtesy of Thinkstock)
Lisa Iannucci
by Lisa Iannucci
Last updated: 7:00 AM ET, Mon July 17, 2017

Depending on where you read, you'll either learn that the travel industry is doing really well and people are booking trips to see the sights, or they are staying home because of their fears.

Travel agents deal with both sides of the industry every day, so we asked them how stable they think the travel industry is right now.

"From personal experience, and the continuing strong bookings of our cruises and land tours, we see the travel industry as very stable," said Daniel Hauptfeld, Marketing Director of Katarina Line.

"In fact, statistics from various destinations show that that more and more people are traveling."

At least one such study, released by the U.S. Travel Association in June, showed that more international visitors came to the U.S. than expected even though there was an executive order on travel by President Trump.

The study shows that international travel grew by about four percent year-over-year in April.

[READMORE]READ MORE: 'Trump Slump' Hasn't Dumped Arrivals So Far[/READMORE]

"I think stability depends on the financial position of the person traveling," said Stefany Ceccato, a travel advisor with Largay Travel.

"Travel is stable for a high-profile clientele. High-net worth individuals consistently travel when budget-conscious people may slow down due to the economy, loss of a job, an unexpected expense or a move."

The Roman Guy, Sean P Finelli said that the mortgage crisis has taught us no industry is completely stable:

"With that being said, we've technically just gone through the worst global economic crisis in world history and the travel industry has seen a steady uptick throughout. American markets have just turned positive again in the last 12 months, which is a good indicator that the travel industry will directly benefit."

Andre Azer strongly believes that travel will continue to grow:

"While there have been a number of recent events-from Brexit to the presidential election and terrorist acts to the travel ban-that caused temporary turbulence in the travel industry, we haven't seen these events have a lasting impact on travel," said Azer, StudentUniverse's Vice President of Marketing.

"Our world is only more and more connected, and travel is a huge component of this."

[READMORE]READ MORE: International Travel to US Still on the Rise[/READMORE]

For example, Azer said that the day after the Brexit vote, he saw searches for flights on StudentUniverse from the U.S. to the U.K double year over year.

"In a recent poll of our U.S. customers, we asked our users if they would cancel a booked trip to a destination if it was the target of a terror attack and only 5% answered yes. It's pretty telling."


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Lisa Iannucci

Lisa Iannucci

Lisa Iannucci has written many travel articles for national magazines and newspapers. Over the years, her travel articles have...

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