Last week I
attended a conference hosted by Alabama Mountain Lakes Tourist Association.
Their guest speaker was renowned travel and tourism consultant, Judy Randall from Randall Travel Marketing in Charlotte
N.C. Judy is well known throughout our
industry as a leading voice in forecasting travel and tourism trends. In
addition to attending her seminar, I also scheduled a one hour private consultation
with her.
Judy spoke
about the 2008 economy downturn and its effects on the tourism industry over
the four years that have followed. She spoke about the slow recovery we are
currently in and how the culture of travel and tourism has changed during this
period.
Some of the
things Judy mentioned is the fact that tourism as an industry faired extremely
well compared to other industries during this period with most southeastern
destinations showing numbers that were equal to or better than pre recession
numbers. The areas hurt most were the bigger destinations like Disney and
Vegas. The lower cost destinations such as North Alabama have weathered the
downturn quite well and in our case showed small
growth three out of the last four years and were flat one year. Judy talked about the current trend of travel
which includes people traveling less distance and going to lower cost
destinations, like us. The desire to travel and have a vacation has increased
as people feel stressed at work and they feel they are working longer and
harder with incomes that are not growing to match their efforts. This has
spawned the desire to take more frequent,
shorter vacations usually done over weekends plus a Friday or Monday. Our
particular area is extremely conducive to this type of travel since we have 11
million people living within a one tank of gas trip to get here. In fact all of
North Alabama fits perfectly into Judy’s forecast of destinations that will
show a solid trend toward growth despite high gas prices, time starvation and
changing consumer spending habits. Judy said all of the current travel trends
in the US favor us. She says our time has come. Judy also said many people are
looking for quieter more relaxing get-a-ways to offset their more hectic metro
life styles. Again we are a perfect fit. Judy also mentioned that the days of
double digit growth are over for the foreseeable future. We are in an economic
environment that does not support much growth in any segment. We are moving out
of the recession but, very, very slowly and she feels that will continue into
the foreseeable future.