Market Report U.S.

Plans for Travel and Vacation over the Next Six Months Increase in November for the Fourth Month in a Row

Man sitting on gang chair with feet on luggage looking at airplane - Photo by JESHOOTS.COM on Unsplash
Plans for Travel and Vacation over the Next Six Months Increase in November for the Fourth Month in a Row

e-forecasting.com

The e-forecasting.com's earliest and final monthly US consumer confidence fell in November, following today's update of the largest in scope and size consumer survey, conducted by Prosper Insights & Analytics™.

According to the highlights published today in the November issue of the US Consumer Confidence Digest, the popular confidence measure, which is indexed to equal 100 when growth is nil, decreased 0.1 percent points in November after staying flat in October.

The trend measure of the US consumer confidence, which smoothens out high frequency noise, “increased 1.4% in November to a reading of 120.4, following an increase of (+2.2%) in October,” said Evangelos Otto Simos, professor at the University of New Hampshire and editor of the Digest.

Looking at consumers' buying intentions for big-ticket services six months ahead, the early bird of predictive analytics foreshadows that “… Americans’ plans for travel and vacation are now 5.3% higher than in November of last year;" and “…it is the fourth consecutive monthly increase in this key for US hoteliers predictive analytic...," Evangelos Simos added.

About e-forecasting.com                                                                                

e-forecasting.com, a USA private, international research and business intelligence consulting firm, provides its clients sophisticated, scientifically-modeled and disruptive predictive analytics for what's next.

About Prosper Insights & Analytics

Prosper Insights & Analytics provides business intelligence services based on data integration analytics from over hundreds of thousands of data series. Using an advanced insight platform, Prosper creates unique analytics in high-tech business areas in retail, mobile, media, finance and consumer sentiment.



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