US | Green shoots of recovery emerge with vaccine rollout
The next stage of the US travel recovery has commenced. After a challenging fall and winter, signals are turning positive. Travel activity picked up in March, with spring break leisure travel a key contributor, and forward-looking booking activity has quickened, with gains in hotel bookings and air travel. The improvement represents the first substantive gains since the easing of lockdown protocols last year (May/June 2020).
What you will learn:
- Travel sentiment has been steadily increasing in lockstep with the expansion of the vaccine rollout.
- Improving health conditions, expanding vaccine distribution, and generous fiscal stimulus together support the trajectory of economic recovery, with our outlook for GDP growth in 2021 recently raised to 7%.
- Our current outlook is for travel spending in the US to recover to just 20% below 2019 levels this year.
Tags:
Related Services
Post
Housing supply front and centre for policy makers
The passing of the previously delayed Housing Australia Future Fund (HAFF) means that all the Albanese government's announced housing policies are now in place. These policies represent a minimum funding pool of $5.5 billion stretching to the end of the decade, potentially lifting as high as $10 billion if all targets are met and excess fund returns achieved.
Find Out More
Post
BoJ will continue effective zero interest rate policy anyway in Japan
The Bank of Japan (BoJ) maintained the policy rates at its September meeting, following a tweak in its yield curve control policy in July. Although this decision was widely expected, the markets are starting to speculate policy changes within the coming quarters, especially after the BoJ governor's recent interview.
Find Out More