In many ways, that figure explains industrywide metrics from sources as varied as ARC and hospitality analyst STR, both of which have reported data that suggest the industry is returning to prerecession levels, in some cases even exceeding them. The growth reported by PhoCusWright came from across the demographic spectrum as baby boomers resumed prerecession travel habits while more young adults managed to free up enough discretionary income to travel last year. PhoCusWright also reported that much of this additional travel spending was a result of travelers booking private homes and apartments, while preferred booking methods inched away from online travel agencies (OTAs) and suppliers’ websites and toward metasearch engines. Get the full story at Travel Weekly