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Taking into consideration cancellation and no-shows, airlines have always been overbooking flights in order to maintain a full flight and keep the prices low. Most of the time, predictions are accurate and all passengers are able to board the flight. However, on some occasions, passengers will be "bumped". Bumping also referred to as "declined-boarding", is when passengers are forced to give up their seats involuntarily. Before bumping passengers, airlines must first ask for volunteers in exchange for compensation. When there aren't enough volunteers, bumping takes place.

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China has successfully landed on the far side of the moon, something that no country has done before. This is a major step in challenging the United States' supremacy regarding space research and travel. President Xi Jinping has announced ambitious space travel goals, including a lunar base by 2025, the ability to man the facility by 2030, and a long-term goal of mining the moon for energy resources. With these announced plans, there is pressure mounting on the United States to continue to reach new solar milestones. Right now, the U.S. isn’t planning to return to the moon until 2023.

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A necessary and functional accessory for students of all ages, day-to-day employees, and travelers across the globe, backpacks are widely consumed as a staple of transit and activity.  With their versatility that a variety of uses—from storing school supplies, to holding electronics, to carrying clothes and food—backpacks provide users with many ways to tote their belongings and are one of the most invested in goods with total sales value projected to climb over 25 billion dollars in 2018, and increase to over 30 billion dollars by 2021.  The backpack market currently holds a value of about 16-20 billion dollars and is expected to hold over 25 billion dollars in 2022.

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Since 1912, hostels have been a centerpiece for teenagers and young adults traveling. They are overwhelmingly popular throughout the European continent, but also have a presence in most tourist-friendly countries around the world. They are a low-cost option for housing, eating, and provide an opportunity for social interaction. In an age where freelance work is becoming more common, hostels are playing an increasingly important role in travel and work abroad.

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The aviation industry has advanced society in numerous ways despite its relatively short existence. Being the fastest and most convenient form of transportation for long-distance travels, people from all over the world fly daily for education, leisure, and business. In fact, airlines have reported a total of 4.1 billion passengers in 2017 alone. One downside of the industry is its price instability. The major determining factor is the cost of fuel, and as we all know, fuel prices are extremely volatile. The International Air Transport Association, an association composed of 290 member airlines, announced at its recent meeting that the profit forecast for 2018 is going to decrease by 12% due to the unexpected increase in fuel prices. According to the Jet Fuel Price Monitor, fuel prices have already increased by 24.97% compared to last year.

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Many countries around the world motivate and support young citizens to travel and study outside their home country. Governments often invest in scholarship programs that provide students with the chance to leave their home country and learn in educationally advanced countries such as the United States, Britain, Canada, and Australia.

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This year, the International Air Transport Association anticipates four billion people will engage in global travel. By the year 2036, it is expected to nearly double to 7.8 billion—half of which will solely be from people living in Asia. High rates of international travel indicate economic well-being, and increased globalization will continue to drive demand. Areas experiencing a spike in international travel will benefit from the influx of money from tourism, but not without enduring the consequences of expansion.

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The process of acquiring a second passport as means of citizenship is continuing to grow in popularity as more countries establish themselves in the industry. For passport owners, the return on investment ranges from increased access and establishment in new markets to owning luxurious homes in coastal regions. For participating countries, the potential for job creation or financial support is among the benefits. The trend has gained significant traction, climbing to what is now a multi-billion dollar industry.

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There has been an increase in research on how studying and living abroad can affect one's performance at work. In a world more connected than ever before, employers are looking for applicants who can think critically and adapt to an evolving business environment. Experience abroad can help offer unique talking points during an interview, and it might offer the competitive edge that lands the job.

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As winter vacations come to a close, the global workforce is underway again, and there are several questions business and corporate travelers have regarding their upcoming costs of travel and stay. Among the many factors, the future of international business travel remains uncertain due to the prolonged set back in the Chinese economy, the United Kingdom’s monumental vote to depart from the European Union, the controversial U.S. Presidential election, and increased security concerns across the globe. However, despite the uncertainties, global demand for air travel remains at a record high.

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President Obama began his week-long trip abroad this Monday in Beijing, where he was attending the annual Asia-Pacific Economic Cooperation (APEC) summit. While at the conference, President Obama unveiled a new visa agreement with the Chinese government. The new agreement extends tourist and business visas from one year to ten years, the longest allowed under US law. Student visas are also extended from one year to five years. The visa reforms went into effect Wednesday, November 14th.

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In December of 2013, American Airlines and US Airways have completed their long awaited merger to create the world’s largest airline. Earlier in 2013, the merger was blocked by the United States Justice Department due to concerns that the merger would adversely affect competition in the airline industry of the United States. In order to reach a settlement, American Airlines and US Airways agreed to give up several hundred gates at airports across the United States. Now the companies expect to save over one billion dollars in synergy with the merger. This merger will undoubtedly have a variety of effects on the global airline industry.

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The Arctic Ocean has traditionally been covered in ice and very difficult to travel through with a ship. Currently the ocean is travelable for four months a year as polar ice caps melt due to global warming. One country taking advantage of the newly opened route is China. A Chinese shipping company, COSCO, sent a ship from the port of Dalian to Rotterdam in the Netherlands, a 3,380 mile route that would take just over 30 days.

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From the hustling cities of Asia to the scorching desert cities of the Middle East, business travel is booming in emerging countries. Last year business traffic in the emerging markets of Asia, Latin America, and the Middle East grew substantially and major infrastructure projects are underway to accommodate the rapid growth in these markets. Most emerging cities are experiencing an expansion of airports, hotels, and highway. This trend is further testament to the dynamism and growth prospects of emerging markets.

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The Costa Concordia cruise ship ran aground off the coast of Italy on January 13th and has caused, along with a devastating heartbreak, major waves in the cruise industry. The tragic crash of this ship has caused speculation about the competency of major cruise lines worldwide. It seems that there are not strict regulations on cruise lines as passengers may have assumed which has caused customers to question their safety and could affect the travel industry as a whole.

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Hop on that plane, business travel is back! After the global recession hit, many companies scaled back on corporate travel. More sophisticated technologies along with cost cutting initiatives around the global recession also led to a decline in business travel. To companies less travel meant lower costs, and more virtual meetings. While this may have helped some companies’ bottom lines, some saw business relationships and sales numbers suffer.

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Today, business trips are common for many employees as modern transportation allows people to travel around the world quite easily. Hotels are a critical component in the business trip process and play a major role in accommodating business travelers. With this responsibility, hotels are looking to provide comfort to the many business travelers that are expected to keep up with their workloads on the road. Businesses in the hospitality and travel industry are changing their strategy to satisfy their hard working customers. You may have a guess to what this new strategy may be—remodeled lobbies and bars, more comfortable beds, or luxurious restaurants? Actually the answer is rather simple. Hotels are now accommodating business travelers with a redesigned workspace in hotel rooms.

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The global travel industry has been hit hard by the recent economic downturn. Hotels all over the world have experienced a drop in occupancy rates due to this decline. So renovations and sprucing up rooms seems like it would be last on their priority list now, right? Not necessarily. Some hotel chains have decided that it is worth their investment to improve rooms, lobbies and other facilities to make them more modern and up to date and appealing to travelers.

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While many United States and European airlines have been floundering, the Latin American airline industry has been soaring and is expected to continue to grow into next year. New non-stop flights, frequent flier miles partnerships and alliances of airlines have propelled the airline industry in Latin American countries. While much of the globe has been hit hard in the airline sector, the International Air Transport Association expects Latin America to thrive.

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Think about it, when the economy is in a downturn, what tech startups can find funding to develop a new business model? The innovative companies of course! You know, the ones with different ideas that stray away from the normal? It’s these innovative companies that strive in this harsh economic atmosphere, and that is just what happened in the recent economic downturn. The economy weeded out the basic, cookie cutter businesses and unearthed the gems beneath. Some of these gems include the likes of Spotify, Twitter, FourSquare, and Tesla Motors. All four of these companies have a stake of their business abroad too which means that these successful tech startups understand the importance of going global. How have they done business abroad? Glad you asked!