Travel and tourism make up 9% of global GDP,
and the industry is the world’s largest employer,
responsible for one in 11 jobs.
THE SKYMALL IS FALLING!
In-air catalogue SkyMall, which started in 1990,
filed for bankruptcy protection this year, a victim
of evolving rules and technology that now let
airline passengers keep their smartphones and
tablets powered up during flight.
THE LIGHT ON FOR PE
PE firms have fast become tycoons in the hotel
industry, with Blackstone, Apollo and Starwood
Capital snapping up brands like Hilton Hotels,
the Palms Casino Resort, Motel 6 and the Fairmont San Francisco.
CHINA BENDS OVER
BACKWARD FOR CIRQUE
A group of private equity investors led by
TPG, including Chinese firm Fosun, has
bought Canadian entertainment company
Cirque du Soleil in a deal designed to fuel the
company’s expansion in China.
WHERE HAVE YOU
CARIBBEAN ALL MY LIFE?
PE firms, including Bain Capital Partners and
billionaire Sam Zell’s Equity International, are
boosting investments in Caribbean resorts—to
the tune of $329 million in 2014 alone—as the
region’s traditional lenders scale back operations.
MONEY TO (SUN)BURN
Direct spending on leisure travel by domestic
and international travelers totaled $644.9 billion
SHARE AND SHARE ALIKE
Airbnb and Uber lead the charge in the ever-growing “sharing economy.” This consumer
peer-to-peer market has been estimated to be
worth $26 billion.
I’M A TRAVELIN’ MAN…
Business travel spending in the United States
is steadily rising, with $295.7 billion projected
for 2015, an indicator of how the domestic
economy is faring.
TRAVEL INDUSTRY TRENDS // Wherever you go, there you are
—Larry Guthrie, manager, communications and marketing, ACG Global
IT’S THE SMALL THINGS