2019 saw its fair share of innovation, but let's broaden the scope and take a look at the top travel trends of the decade.
Smartphones and Apps
Mobile technology is influencing travel decisions more than ever. In recent years innovations in tech have allowed consumers to do pretty much everything on their smartphone from finding inspiration on Instagram to selecting airline seats, checking into hotels or using a GPS. Gone are the days of heading to a travel agent, using a paper map, and struggling with a language barrier. Advances in technology over the last 10 years have made traveling decisions more convenient and less daunting.
Ridehailing and Ridesharing
This decade was defined by a rise in popularity of both Uber and Lyft. Since Uber's founding in 2009 and Lyft's launch in 2012, ridehailing has changed the way we commute and even our need to purchase a car. These platforms have gone from basically startups to market dominators. This year even saw Uber and Lyft take their companies public. While the two companies have continued to grow on the road, they have looked for new opportunities like expanding to micromobility options like scooters and bikes and, even in Uber's case, helicopters and food delivery through Uber Eats. The rise of these new forms of mobility has both pros and cons, although positives like accessibility can be outweighed by cons like a rise in congestion. Whether you're for or against ridesharing, Uber and Lyft have given people more options when it comes to getting around and it seems like the companies will continue their paths towards street dominance for the foreseeable future.
New Way to Stay
In the last 10 years travel accommodations have become more personal and the rise of Airbnb has revolutionized the travel industry. Want to stay in a castle? How about a villa? Now, it seems almost any dream accommodation is possible. Airbnb has made traveling more affordable especially in urban, crowded spaces and often gives travelers more bang for their buck, providing an entire house or apartment rather than a typical hotel room. The company has inspired travel to unique locations with listings in over 220 countries and regions. The site boasts over 150 million users.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.
