Close

Cart

Total $0.00

Checkout

Domestic business travel accelerates post-election, defying expectations; all sectors exceed six-month growth average

WASHINGTON (January 10, 2017)—The first monthly Travel Trends Index (TTI) to encompass post-election data signals a strong showing by the travel sector in the wake of Donald J. Trump's unexpected win last November.

All travel sectors grew at rates significantly above their six-month moving averages, according to the TTI—with notable, unanticipated growth in domestic business travel.

"Although we are optimistic about the prospects for travel under the new administration, frankly we were prepared to see a wary short-term reaction, particularly in demand for inbound international travel to the U.S.," said U.S. Travel Association President and CEO Roger Dow. "Not only has no downturn materialized, but we have seen surprising strengthening in some areas, particularly the long-foundering domestic business travel segment. It mirrors the strong upticks we have seen in the stock market and a number of other indicators.

"Political rifts aside, there's really no denying that the economic news has been pretty good since Election Night."

Even a relatively flat international travel segment should be seen as a victory, Dow said. The resilience of the inbound market has been remarkable in light of the many pressures it has encountered for months, including political and security disruptions abroad and, especially, the continued strong run of the U.S. dollar against other currencies.

The domestic business sector's growth outlook in the coming months, though still modest, reverses a losing streak during which it was the only TTI segment to spend most of 2016 in negative territory.

Despite domestic business travel's surprising reversal, domestic leisure travel will still remain the primary driver of U.S. travel growth into the beginning of 2017.

In the full TTI report, the 6-month predictive Leading Travel Index (LTI) reading of 50.9 indicates that total U.S. travel volume is expected to grow at a rate of around 1.8 percent through May 2017.

The TTI consists of the Current Travel Index (CTI), which measures the number of person-trips involving hotel stays and/or flights each month, and the Leading Travel Index (LTI), which measures the likely average pace and direction of business and leisure travel, both domestic and international inbound. It assigns a numeric score to every travel segment it examines—domestic and international, leisure and business—in current, 3-month and 6-month predictive indicators. As with many indices similarly measuring industry performance, a score above 50 indicates growth, and a score below 50 indicates contraction.

The U.S. Travel Association developed the TTI in partnership with Oxford Economics, and draws from multiple data sources to develop these monthly readings. In order to compile both the CTI and LTI readings, the organization's research team utilizes multiple unique non-personally identifiable data sets, including:

  • Advance search and bookings data from ADARA and nSight;
  • Passenger enplanement data from Airlines for America (A4A);
  • Airline bookings data from the Airlines Reporting Corporation (ARC); and
  • Hotel room demand data from STR.
     

Learn more about the Travel Trends Index.

Click here to read the full report.

About U.S. Travel Association

The U.S. Travel Association is the national, non-profit organization representing all components of the travel industry that generates $2.1 trillion in economic output and supports 15.1 million jobs. U.S. Travel's mission is to increase travel to and within the United States.
Visit www.ustravel.org.

Contact: Cathy Reynolds

creynolds@ustravel.org / 202.408.2183

Contact: Jamie Morris

jmorris@ustravel.org / 202.218.3621

Related News

Travel Trends Index: International Inbound Travel Tumbles While Domestic Leisure Travel Remains Strong

New Study: Travel Jobs Outpace Manufacturing, Health Care in Opportunity and Future Wages

Travel Trends Index: International, Domestic Travel Growth Projected to Dwindle

Travel Trends Index: Domestic and International Travel Weather the Shutdown Turbulence

U.S. Travel Assn. Welcomes Destination DC President and CEO Elliott L. Ferguson II as National Chair

Travel Trends Index: Domestic Biz Travel Projected to Surge, Int'l Inbound Travel Falters

Travel Trends Index: International Inbound Travel Growth Projected to Fizzle in First Half of 2019

Travel Trends Index: Gloomy Six-Month International Projections Overshadow Domestic Travel Gains

Travel Oregon’s Davidson, Atlanta CVB’s Richardson Inducted Into U.S. Travel Hall of Leaders

U.S. Travel Election Reax

Travel Trends Index: Domestic Market Softens; Storm Clouds Gather for International

Travel Trends Index: Domestic Travel a Bright Spot, but Int'l Inbound Projected to Decelerate

Marriott International Selects TTI Technologies as an Approved Vendor to Manage Its Business Center Solutions for Its Franchisee's and Corporate Managed Properties

Industry Execs Talk International Travel With President Trump, Senior Aides

Illinois Hotel & Lodging Association Names Michael Jacobson President and Chief Executive Officer

U.S. Travel Honors Tourism Marketers at ESTO

TTI On The Move With Paul Payette

Travel Trends Index: Strength of Domestic Travel Lessens Sting of Sluggish International Growth

Todd Davidson and Spurgeon Richardson to Be Inducted into U.S. Travel Hall of Leaders

Travel Trends Index: Domestic Business Travel Projected to Outpace Leisure Segment

All News »

Please login or register to post a comment.