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Portway Systems Foresees Positive Growth in the Americas Travel Industry in 2024

In a recent report from Amadeus, the outlook for air travel and hospitality in the Americas for the beginning of 2024 appears highly promising, setting an optimistic tone for the industry. The report, titled “Travel Insights 2024: Focus on the Americas,” indicates a 20% increase in air capacity in the region during the first four months of the year compared to the same period in 2023.

Collaboratively released with the United Nations World Tourism Organisation (UNWTO), this report leverages Amadeus’ global travel data to offer a comprehensive perspective on forward-looking insights into the travel industry. At Portway Systems, we find this information crucial for understanding the evolving dynamics of the travel sector.

The insights provided in the report aim to assist destinations and travel providers in comprehending travel performance and gaining valuable insights into the preferences of travelers visiting the region. It’s instrumental in anticipating shifts in traveler patterns and trends, enabling the formulation of strategies that capture more traveler interest, ultimately supporting tourism and economic growth.

Examining the Americas, with Amadeus’ findings, North America is notable as the most active sub region as of January 8th. Particularly: New York, Cancun, and Los Angeles are leading the list of top-searched destinations.

Furthermore, Amadeus’ Demand360+ data underscores the sustained strength of hotel demand across North America. Despite shorter booking lead times, hotel occupancy for the first four months of the year remains on par with the same period in 2023, with 51% of hotel reservations made within a week of travel.

As we expand our services and solutions, the report’s insights into traveler behaviour by origin market are of particular interest. The top three markets searching for travel to the US are domestic travel, followed by Canada and the UK. Notably, Argentina is gaining significance as a key origin market for US travel, experiencing a remarkable 159% year-over-year increase in search volumes.

We also recognize the importance of aligning our strategies with these evolving trends. The USA continues to lead in exploring travel to South and Central America, as well as the Caribbean, with New York, Los Angeles, and Toronto as the top-searched cities. European markets, specifically Spain and Germany, also feature prominently among the top three countries searching for South and Central America.

And finally, as Portway Systems navigates the evolving landscape of the travel industry, it remains committed to leveraging such valuable insights to enhance our services, ensuring that we stay at the forefront of industry trends and continue providing optimal solutions for our clients.

About Portway Systems

Portway Systems is a fast-growing travel technology company that powers the global travel industry, offering a comprehensive suite of products including Mid & Back-Office, CRM, ERP and Business Management technology. Headquartered in Birmingham, UK, Portway Systems serves customers in more than 30 countries around the world with regional offices in North America and Asia. For more information visit https://portwaysystems.com/

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