Allianz Global Assistance released their Allianz Travel Insurance Vacation Confidence Index on July 5, revealing that Americans are estimated to spend more than $100 billion of spending on summer vacations this summer. Allianz defined a vacation as a "leisure trip of at least a week to a place that is 100 miles or more from home." The Vacation Confidence Index measures Americans' confidence in their ability to take a summer vacation, showing that the projected summer spending for this year is $101.1 billion, compared to 2016's $89.9 billion, a 12.5 percent increase from 2016.
Celebrating its 11th anniversary as one of the country’s leading boutique hospitality and restaurant consulting firms, Andrew Freeman & Co. is very excited to release its 2017 trend report Be Prepared—This Is Not A Test. Their report comes out annually and features hotels, food, hospitality marketing and beverages for the upcoming year. Many restaurants and hotels need to be prepared for the unknown when it comes to how well the hospitality field’s outcome will be by the end of the year. Flexibility is key to meet the increased demands that the year may bring.
Excitingly, the research shows the idea of a center with 125,000 square feet of space, including an exhibit hall, banquet hall and meeting rooms, is highly supported. The study also found that those in favor believed the facility would have a positive effect on the economic development of the county.