Close

Cart

Total $0.00

Checkout

WASHINGTON (November 6, 2018)— Travel to and within the U.S. grew 1.6 percent year-over-year in September, according to the U.S. Travel Association's latest Travel Trends Index (TTI)—marking the industry's 105th straight month of overall expansion.

But U.S. Travel economists add several strong caveats to the overall positive trend.

Growth in domestic travel is leveling off, for example. That segment had been strong in recent months, buoyed by robust consumer spending and consumer confidence reaching heights last seen in 2000. Business travel, which registered a faster rate of growth than leisure travel in August, appears to have plateaued; domestic travel in September was almost entirely supported by leisure travel, which grew at a decelerated rate of 1.8 percent.

It would also be easy to misconstrue the international component of the latest TTI, which showed 4.4 percent year-over-year growth. But with inbound having posted a sharp 2.2 percent drop in September of 2017, any year-over-year improvement at all is liable to appear overinflated.

Furthermore, the international Leading Travel Index (LTI) predicts that market will not expand any further at all in the next six months.

"We're seeing something of a perfect storm of factors that could suppress international demand for travel to the U.S.," said U.S. Travel Senior Vice President for Research David Huether. "The U.S. dollar has been on another very robust strengthening trend since April of this year, while the global economy has been cooling off considerably overall. That, coupled with political uncertainty in Europe and rising trade tensions, is a bad-news recipe for inbound travel."

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.

Click here to read the full report.

About U.S. Travel Association

U.S. Travel Association is the national, non-profit organization representing all components of the travel industry that generates $2.4 trillion in economic output and supports 15.6 million jobs. U.S. Travel's mission is to increase travel to and within the United States. Visit www.ustravel.org.

Contact: Cathy Keefe Reynolds

ckeefe@ustravel.org / 202.408.2183

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 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

The Skyline Hotel Communicates With TTI's Premier Information Board

All News »

Please login or register to post a comment.