Thus far, 2018 has proven to be a prosperous year for many in the industry, thanks in no small part to the strength of the U.S. economy.
And while economists are predicting a slowdown in growth next year, the next 12 months, barring unforeseeable incidents, should remain strong, with few signs of a pullback on the horizon.
"The economy is clearly strong," said Andrew Lo, a professor at MIT's Sloan School of Management and director of the MIT Laboratory for Financial Engineering. "We've got pretty low unemployment, very reasonable inflation, and all eyes are on the stock market, which has done quite well. I think, overall, both in the United States and more broadly around the world, things are going quite well. In that kind of an environment, it's no wonder people are confident about the future and willing to spend money on things like vacation and travel."