Tourism to Bring $110 Billion to Asia Pacific by 2009
Tourism should bring the Asia Pacific region
$110 billion in revenues over the next three years, with much of that
coming from travelers in the region, according according to the report
from the Pacific Asia Travel Association or PATA, reports AP.
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U.S. sales of gas-electric hybrid vehicles rose 28%
to 254,545 in 2006, but the rate of growth is starting to slow, 
The U.S.
groups and meetings market is projected to reach $175 billion by
2008, providing a major revenue stream to move online, according to a new
report from PhoCusWright. By 2008,
41% (or $39 billion) of all groups and meetings travel revenue will be
booked online.
The number of air travelers
worldwide is expected to double by 2025,
rising to more than 9 billion a year, according to the Airports Council International
(ACI) report "Global Traffic Forecast 2006-2025". There are currently about 4.2 billion
global air travelers a year.
Airline delays increased sharply to record
levels in 2006 as 22% of flights were delayed 15 or more minutes during the
course of 2006, according to 
U.S.
airlines carried 61.5 million domestic and international passengers in
October 2006, a 2.6% increase from October 2005. Southwest Airlines, with
8.1 million passengers, topped the list for the third consecutive month,
the Bureau of Transportation Statistics (BTS) reported today.
Automotive executives worldwide strongly
agree that high oil prices have permanently changed consumers' purchasing
habits globally, driving them toward more fuel-efficient vehicles,
including hybrids, according to an annual global survey of industry
leaders by KPMG.
After
five consecutive years of record sales, global auto volumes are expected
to be flat in 2007, as weaker sales in the mature markets of the United
States, Canada, Western Europe and Japan will offset strong momentum in
China, India and Latin America, according to Global Auto Report by
Scotiabank.
The
world market for non-entertainment automotive electronics was estimated at
US$36.8 billion in 2005 and is forecast to reach US$52.1
billion by 2010, according to the latest figures from a report
published by Reed Electronics Research and 
Global
shipments of Chinese made automotive infotainment systems will jump 40% in
2006, 
