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Weekly Travel Notice Shared by MFEA

April 20, 2020

Party @ MI Place

MFEA, The Michigan Festivals and Events Association share travel information.

Public Affairs update from the recent week:

Following the issuance of guidance from the Federal Reserve and U.S. Department of the Treasury, six CARES Act relief resources have been updated:

FAQ
Paycheck Protection Program fact sheet
Exchange Stabilization Fund fact sheet
Relief for Airports and Tourism fact sheet
Payroll Tax Relief fact sheet
Unemployment Assistance fact sheet
Economic Injury Disaster Loans fact sheet

Today, Reps. Matsui (D-CA), Bilirakis (R-FL), Titus (D-NV) and Wilson (R-SC) sent a letter to Speaker Pelosi and GOP Leader McCarthy to allow DMOs, CVBs and state tourism offices of all sizes to qualify for the Paycheck Protection Program. Following an aggressive grassroots campaign led by U.S. Travel over the past 24 hours, an additional 80+ House members from both sides of the aisle added their signatures, a clear indication of support for our industry.

ECONOMIC IMPACT

Total Industry Impact

Revised projections released this week show a worsening impact of the coronavirus pandemic on the U.S. economy and travel workforce.

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Weekly Analysis

Analysis by Tourism Economics shows a week by week outlook on travel spending in the U.S. The analysis also provides regional and state-by-state breakdowns.

National weekly travel spending fell to $2.9 billion last week-15% of the $19.8 billion during the first week of March

In the week ending April 11, the travel economy fell 87% below last year’s levels

All regions are experiencing declines in travel spending in the range of 84% to 87%. The West has surpassed the Northeast to lead all regions in percentage losses for the week

Declines in travel spending have caused a loss of $10.3 billion in federal, state and local tax revenue since March 1

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Tracking Traveler Trends

The following two tools show real-time data measuring the effects of COVID-19 on travel within the U.S. tracking consumer behavior over time will help provide an early signal of returning travel activity that can inform the right time to re-deploy marketing plans and resources.

Hotel and Air: Traveler Trends Tracker

ADARA’s Traveler Trends Tracker taps into real-time travel data on travel-related consumer behavior, including hotel volume and flight bookings for both business and leisure travel. Updated daily.

Searches and bookings continued to decline last week on a year-over-year basis:

Searches were 85% lower than the same period last year
New bookings were 91% lower than the same period last year

TRAVELER TRENDS TRACKER

Source: ADARA

Car: Daily Travel Index

The Daily Travel Index is intended as a barometer of drive market activity across all 50 states. The chart and map view allow you to look at the fluctuations in drive market activity within a single state or any grouping of states as selected. The Daily Travel Index is updated daily.

DAILY TRAVEL INDEX

Source: Arrivalist

Traveler and Consumer

Sentiment Survey Results

Travel Intentions Pulse Survey (TIPS): Impact of Coronavirus

April 4-11, 2020

This bi-weekly survey tracks traveler sentiment with regard to planning, booking and cancellations, as well as intention to travel (both business and leisure) over the next six months.

90% of travelers had a travel or travel-related activity planned prior to the COVID-19 outbreak; 80% have canceled or postponed those plans

1 in 3 leisure travelers have postponed their vacation plans in hopes of rescheduling for later in the year while 6 in 10 leisure travelers have cancelled a planned vacation