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Good news for airlines and limousine drivers! Within the last several weeks, there has been a noticeable increase in the number of people using airline services. This recent change follows several years, in which the US air industry has had one of its worst recessions in decades. But now they are seeing demand increase. Along with the recent change consumers have noticed more incidents of being bumped off planes, as airlines choose to fill flights to capacity.
The severe recession which has affected the air industry for the past two years, has been accompanied by a parallel recession in the limousine business. Limo companies blame most of the slowing on a slag in corporate travel along with cuts in corporate spending on travel. 9% of corporations, for example have put a freeze on limo spending. Even when corporations send employees on business trips, they are much more likely to encourage employees to use buses shuttle or to foot it whenever possible, if they are travelling a short distance in a downtown area.
As a result of the recession many limo companies have gone out of business. The total number of limousine companies has dropped from over 9,000 to just slightly over 5,000. The recession which individual drivers started seeing in 2008 has caused a 60% reduction in revenue for the luxury conveyance inidustry.
The recession has forced limo drivers to work harder and to be resilient in order to stay afloat. Some private limo drivers, have reported going to work for a larger fleet in order to pay the bills for their personal vehicle. Another limo company began offering a “price you see is the price you see special,” to the airports. This means that as a way to attract customers, this company will agree not to add on any additional cost for time, fuel, etc.
Limousine drivers make a large portion of their money from trips to and from the airport. So the recent increase in air travel will mean more more for job starved limo companies. The uncertainty in plane scheduling with more passengers getting bumped and rescheduled, will likewise help limo drivers, who unlike cab drivers and other types of airport shuttles, specifically wait to meet their fare. Limo drivers actually keep track of flights and maintain cell phone contact with their pre-booked customers, so that they drop them off and meet them at the precise time the customers are leaving or arriving at the airport.
A number of drivers, such as Sam Tlecani of Pyramids Limo, a Denver Airport Limo, Denver Airport Taxi and Denver Airport Transportation company have been getting through the recession by relying on Internet advertising. Sam, for example, is like many limo drivers who spend their off hours promoting their company via websites and on line optimization. This all goes to prove that old adage that when the times get tough, the tough get going.
Tags: airlines, economy, limousines, Recession, Travel
Posted in Travel · July 21st, 2010 · Comments (0)
www.wto.org 6 July 2009 Interviews on the sidelines of the Aid for Trade Global Review, on 6 and 7 July 2009. The Second Global Review provided an opportunity to give added impetus to the ambitious mandate on Aid for Trade, agreed at the WTO’s Hong Kong Ministerial Conference in 2005, which aims to help developing countries, and the least developed in particular, to build the supply-side capacity and infrastructure they need to take advantage of trade opening and to connect with the global economy. More on Aid for Trade on the WTO’s website: www.wto.org More on development and Aid for Trade on this channel: www.youtube.com
Tags: "international, African, aid, Angle, bank, building, capacities, commerce, countries, developing, development, Dominiqe, donald, economy, for, Fund, Geneva, genève, global, Gurria, infrastructures, Kaberuka, Kahn, mondiale, Monetary, OECD, organisation, Organization, Robert, Strauss, Suisse, Switzerland, trade, trading, World, WTO, Zoellick
Posted in Organization · May 4th, 2010 · Comments (0)