May 2022 Travel Index Report: Analysis – Travel Administration Operations and Automation

We right here at Cornerstone Information Systems have been engaged on a technique to combination, anonymize, and distribute details about the well being of the Travel Industry – gathered from all the information that flows via our community each month. We really feel that it’s paramount that firms with information share our data and the foresight it brings in order that we would not expertise a repeat of the crash that accompanied the emergence of COVID.

To facilitate that aim of knowledge sharing, and but additionally hold the info of our shoppers non-public, now we have been engaged on the creation of a Cornerstone Index.

Here are the numbers popping out of the Index relating to May 2022:

There was additionally a 4% Increase in processed journeys taken from April 2022 to May 2022.

** All foreign money is displayed in USD – the aggregates of our information have been transformed into USD earlier than being taken under consideration and calculating the Index numbers **

May 2022 Analysis

• May noticed a leveling off of journey with it’s modest +4% progress in whole journeys processed. We are nonetheless 109% increased year-over-year from May 2021. In truth, with solely 5 months of processed information for 2022, we’re already at 70% of all journey processed in 2021, and projections for the remainder of the yr are optimistic.

• Prices for many classes are nonetheless holding robust of their climbs, and automotive leases are remaining the secure outlier. Car rental prices have nonetheless not waivered outdoors of +/- 4% in lots of quarters except the fast spike this final February. Strong costs imply robust utilization, so these are additionally optimistic indicators.

• With summer season enterprise journey in full swing, we will most likely anticipate journey numbers to have stabilized the place we’re seeing them proper now. We don’t anticipate any decelerate (aside from the surprising disruptions after all), however we additionally don’t anticipate any main spikes like we had this March. Slow and regular is the important thing to stability, and we welcome this with open arms.

Information on the Cornerstone Index:

Much like how the S&P 500 Index tells the well being of the US Stock Market, the Cornerstone Index is supposed to replicate the well being of the journey trade in keeping with the info that now we have obtainable to us.

Please word that we’re performing changes and cleaning to make sure an correct index. This implies that throughout our improvement of the index, some values might fluctuate month to month of their calculations. However, we don’t imagine this offsets main traits.