U.S. Travel Trends Index – Domestic Leisure and Business Travel Continue to Thrive
Domestic markets performance paces overall growth despite storm clouds for international inbound travel
Overall travel in the U.S. showed 3.6 percent year-over-year growth in October, according to the latest Travel Trends Index (TTI).
Domestic leisure travel continues to do most of the heavy lifting for overall travel growth, rising 4.2 percent in October.
That sector’s strong showing is welcome news in the face of troubling international travel figures released by the U.S. government. International arrivals fell 3.9 percent for the year through June, the latest month for which data is available.
The TTI continues to predict a very modest rebound for international inbound travel through early 2018—but that projection can change based on new government data.
“All year long, it’s been tough to get a coherent picture of the international market because the various metrics have been telling wildly disparate tales,” said U.S. Travel Senior Vice President for Research David Huether. “Now we’re seeing the numbers start to align around a pretty pessimistic outlook for international inbound.”
The TTI is prepared for U.S. Travel by the research firm Oxford Economics. The TTI is based on public and private sector source data which are subject to revision by the source agency. The TTI draws from: advance search and bookings data from ADARA and nSight; airline bookings data from the Airlines Reporting Corporation (ARC); IATA, OAG and other tabulations of international inbound travel to the U.S.; and hotel room demand data from STR.
View the full report here.
Categories: Travel Trends