On PR Newswire: Americans to Travel in Record Numbers for Holidays, Economic Growth to Continue, But Homes Most Unaffordable Since 2013
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire for Journalists. Here are some of this week’s most newsworthy releases you might have missed.
Economic growth in the U.S. will continue in 2018, say the nation’s purchasing and supply management executives in the December 2017 Semiannual Economic Forecast. Expectations are for a continuation of the economic recovery that began in mid-2009, as indicated in the monthly ISM Report on Business. The manufacturing sector is optimistic about growth in 2018, with revenues expected to increase in 16 manufacturing industries, and the non-manufacturing sector indicates that 17 of its industries will see higher revenues. Capital expenditures, a major driver in the U.S. economy, are expected to increase by 2.7% in the manufacturing sector and increase by 3.8% in the non-manufacturing sector. Manufacturing expects that its employment base will grow by 1.2%, while non-manufacturing expects employment growth of 1.5%.
Have Holiday Plans, Will Travel: Record-Breaking 107 Million Americans to Celebrate Holidays Away From Home
‘Tis the season to traditionally spend with family and friends and this year Americans are traveling in record numbers. AAA forecasts 107.3 million Americans will take to planes, trains, automobiles and other modes of transportation during the year-end holiday period from Saturday, Dec. 23 through Monday, Jan. 1. This will be the highest year-end travel volume on record and a 3.1% increase in travel volume compared with last year. 2017 marks the ninth consecutive year of rising year-end holiday travel. Since 2005, total year-end holiday travel volume has grown by 21.6 million, an increase of more than 25%.
Abu Dhabi’s Department of Culture & Tourism has announced that it has acquired Leonardo da Vinci’s masterpiece Salvator Mundi. The work, hailed as one of the greatest artistic rediscoveries of the last 100 years, will go on display at Louvre Abu Dhabi, alongside another Leonardo masterpiece, La Belle Ferronnière, which is currently on loan from Musée du Louvre. His Excellency Mohamed Al Mubarak, chairman of the Department of Culture & Tourism, said, “We are delighted to be displaying Salvator Mundi, part of Leonardo da Vinci’s rich legacy, at Louvre Abu Dhabi. This is in line with our ambition to share this extraordinary museum with the world, and our mission to inspire a new generation of cultural leaders and creative thinkers to contribute to our rapidly changing and tolerant nation.”
Trulia, a home and neighborhood resource for homebuyers and renters, released the findings from its quarterly Trulia Inventory and Price Watch. This quarter’s report found that while starter and trade-up home inventory decreased again at double-digit rates, premium homes saw the biggest declines in more than four years, at 5.9%. In addition, homes are now the most unaffordable since Trulia started keeping track in 2012.
The Moon became a key focus point for NASA in 2017, whether it was blocking out the Sun during one of the most-viewed events in U.S. history, or reinvigorating the agency’s human space exploration plans. One of the numerous NASA-related activities and actions the Trump Administration did in 2017 was to reconstitute the National Space Council. During its first meeting on Oct. 5, Vice President Mike Pence directed NASA to develop a plan to help extend human exploration across our solar system, and return astronauts to the Moon in preparation for human missions to Mars and other destinations.
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Larry Grady is online content manager at PR Newswire for Journalists. He has worked in business media for nearly 30 years and enjoys reality TV and daydreaming about travel and wine.