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Wednesday, December 27, 2017

Daily Bulletin: The 2018 Preview issue

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DAILY BULLETIN
December 27, 2017
Introduction to Preview 2018
In our annual Preview report, our reporters, editors and contributors take on the always perilous task of predicting what the year ahead holds for the industry.
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PREVIEW: EXECUTIVE VIEW
For the first time in the eight-year history of the Travel Weekly Preview issue, the CEOs interviewed were boldly, confidently and unanimously optimistic.
Sebastien Bazin, AccorHotels
"You have a lot of players from the digital economy who challenge us and benefit from our growth. My idea is to benefit from their growth."
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Ninan Chacko,
Travel Leaders Group
"We continue to march toward the experience economy. Luckily, we're in the business of generating and delivering experiences far and wide, broad and deep, all over the world."
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Lisa Lutoff-Perlo,
Celebrity Cruises
"Cruising as a whole is robust and thriving. I see new capacity coming on in '18, and the most capacity that the industry has ever taken in one year is coming in '19."
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Enrique de la Madrid,
Mexico Secretary of Tourism
"We understand that the intention of the [U.S. State Department] warnings is to provide information to Americans to stay safe. Fair enough. But we're worried they are misleading. It's difficult to sum up the reality of an area in one paragraph."
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Mark Okerstrom, Expedia Inc.
"There has been some short-term volatility in sentiment towards OTAs, but broadly speaking, they continue to thrive."
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Dan Sullivan, Collette
"In the United States, the economy is very strong right now, and I think it's getting stronger and will continue to stay strong."
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PREVIEW: REALITY CHECK
So where, exactly, are we?
By Richard Turen
Though one might not know it from reading grim headlines full of disasters, terrorism and rocket diplomacy, the economy remains strong and the industry is in excellent financial shape heading into 2018.
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PREVIEW: INDUSTRY SECTORS
Airlines
Ultralow-cost carriers will maintain aggressive growth, and the pilot shortage will increasingly hurt small markets.
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Cruise
Expedition cruising is getting bigger and swankier, and technology will continue to transform the cruise experience.
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Destinations
Tourism hot spots will continue to bounce back from 2017's natural and man-made crises.
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Hotels
The industry will see a convergence and evolution in lodging types, design styles and guest interaction with technology.
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Luxury
Providing unique and custom experiences will increasingly be the focus of suppliers.
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Policy
The industry waits to see if the Trump administration will settle in after a year of surprise after surprise.
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Retail
With a strong economy and high consumer confidence, a banner year is in store.
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River cruise
Lines will continue working to broaden their passenger base, with U by Uniworld in particular courting millennials.
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Tours
Operators will increasingly focus on "giving back," embracing a sense of purpose by imbuing trips with meaning.
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MORE NEWS
Las Vegas Fontainbleau site's buyer says tax cut will speed up development

New York-based developer Steven Witkoff said his efforts have been spurred by a provision that will allow developers to fully expense capital investments immediately.

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Passengers left more than $400M in compensation for delayed
EU-U.S. flights

Almost 600K U.S. passengers are eligible for compensation, but, typically less than 2% of such flyers file claims, in most cases because they aren't aware of their rights.

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DAILY BULLETIN Editor:
Kimberly Scholz
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