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oxford economics

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

U.S. Travel Association | May 9, 2019

WASHINGTON (May 9, 2019) — Travel to and within the U.S. grew 2.0% year-over-year in March, according to the U.S. Travel Association's latest Travel Trends Index (TTI)—marking the industry's 111th straight month of overall expansion. However, this growth was dampened by the news that international inbound travel fell a whopping 5.4% year-over-year in March—after edging down just 0.2% in February. The sharp decline in international inbound travel in March was likely due to the timing of Easter, which fell on April 1 last year and April 21 this year; the holiday has historically been a peak travel time for visito...

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

April 3, 2019

WASHINGTON (April 3, 2019)— Travel to and within the U.S. grew 3.2% year-over-year in February, according to the U.S. Travel Association's latest Travel Trends Index (TTI). However, the predictive Leading Travel Index (LTI) continues to project a slowdown in both international and domestic travel growth, as both segments could continue to feel the effects of rising trade tensions, volatile financial markets and weakening business and consumer confidence. These factors have the potential to stunt travel growth and dull American competitiveness at a time when the U.S. is seeking to reverse its declining share of the global inter...

Travel Trends Index: International Sector Powers Strong Overall Finish to Q1

U.S. Travel Association | May 9, 2018

WASHINGTON (May 8, 2018)—Travel to and within the United States was up 3.4 percent year-over-year in March, according to the U.S. Travel Association's latest Travel Trends Index (TTI)—marking the industry's 99th straight month of overall expansion. The March TTI generated some eye-catching numbers, mainly due to the earlier timing of Easter (April 1). Higher volumes of international travelers tend to visit the U.S. close to that holiday, while domestic business travel typically falls, according to U.S. Travel researchers. Accordingly, international inbound travel to the U.S. registered eye-popping 11 percent year-ove...

Study Reveals ‘OTA Premium’: Travelers Who Book Through OTAs Stay Longer, Spend More During Trips

Oxford Economics | March 14, 2018

Oxford Economics and Expedia analyzed nearly 100,000 trips to ascertain spending habits of travelers by booking type Seattle, Wash., March 14, 2018 ­­– Expedia, Inc., the world's largest online travel company, partnered with Oxford Economics to analyze hotel guest spending during more than 98,000 trips, segmented by guests who booked part or all of their trip using an online travel agency (OTA) and non-OTA guests – and the results are telling. Travelers who booked via an OTA spent more per trip than non-OTA guests across all categories, regardless of whether they were traveling for business or leisure, making them a ...

Meetings & Events Industry Releases New Economic Impact Data

Events Industry Council | February 21, 2018

Key findings from a new report show how face-to-face meetings and business events support 5.9 million jobs and hundreds of billions of dollars in annual revenue Washington, D.C. – Face-to-face meetings and events play an integral role in bolstering our national economy and key business sectors, according to a new report from Oxford Economics, commissioned by the Events Industry Council, and supported by the Meetings Mean Business Coalition and other industry partners. Data for the report was compiled through a nationwide survey of meeting planners, exhibitors and venues and represents almost 9,000 domestic business travelers, alm...

New Study Reveals Tax Reform Could Boost Hotel Industry by $131.7B

the American Hotel & Lodging Association | November 10, 2017

Analysis Shows Hotels, Employees, Travelers All Benefit From Tax Reform WASHINGTON (November 10, 2017) – As tax reform legislation moves through Congress, a new economic impact study found that tax cuts could generate $131.7 billion in economic activity for hotels and related industries over the next 10 years. On behalf of the American Hotel & Lodging Association (AHLA), Oxford Economics analyzed the impact of tax policy changes that would result in a tax cut of $1.5 trillion over 10 years, which they believe will cause real GDP growth to accelerate to 3.0% in 2018. The results show that tax cuts will stimulate the economy and...

Travel Trends Index: Strong Leisure Market Keeps Outlook Positive

U.S. Travel Association | March 1, 2016

Offsets Softer Business and Inbound International Segments WASHINGTON (March 1, 2016)—Overall growth in the travel sector of the U.S. economy has leveled off but remains in positive territory, mainly thanks to a leisure travel market buoyed by strong wages and low gas prices, according to the U.S. Travel Association's monthly Travel Trends Index (TTI). Meanwhile, the strong dollar continues its cooling effect on the inbound international travel market, and business travel will struggle to post gains in 2016 due to shaky financial markets. The TTI consists of the Current Travel Index (CTI), which measures the number of person t...

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