Travel Trends Index: Slight Uptick Across All Travel Segments
October 3, 2017 12:57pm
WASHINGTON (October 3, 2017)—Both domestic and international travel to the U.S. grew in August 2017, according to the latest Travel Trends Index (TTI).
After the contraction of international visitation in the first half of 2017, the international inbound segment's modest growth in August is a welcome respite from a troubling trend—though U.S. Travel economists warn that the international market will still trail domestic travel, as previously predicted.
"Based on the fact that all segments increased for the first time since January, August proved a solid month for the travel industry," said U.S. Travel Association Senior Vice President for Research David Huether.
Despite the lags of the international segment, the strength of the domestic market has enabled overall travel to and within the U.S. to grow for 92 consecutive months.
The TTI is prepared for U.S. Travel by the research firm Oxford Economics. U.S. Travel and Oxford routinely seek to identify available data sources that add to the accuracy and comprehensiveness of the index. The data sets added to TTI calculations, as of September 2017, came from IATA, OAG and other tabulations of international inbound travel to the U.S., and resulted in the downward revision of TTI results from earlier in the year. 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.
Tags: u.s. travel,
travel trends index,
u.s. travel association
The U.S. Travel Association is the national, non-profit organization representing all components of the travel industry that generates $2.3 trillion in economic output and supports 15.3 million jobs. U.S. Travel's mission is to increase travel to and within the United States.
Contact: Cathy Keefe Reynolds
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