U.S. travel industry
U.S. Travel Association | April 20, 2023
At $1.2 trillion, direct spending on travel in the United States in 2022 was on par with pre-pandemic figures, according to new data released today by the U.S. Travel Association—reflecting the industry’s essential contributions to the American economy. “Travel rebounded strongly in 2022 thanks to robust demand for domestic leisure travel,” said U.S. Travel Association President and CEO Geoff Freeman. “Now we must focus on fully restoring the international and business travel segments to continue growing this critical driver of the U.S. economy.” Key points: Travel accounted for $1.2 trillion in direct spending in 2...
Deloitte | April 3, 2023
By Anthony J. Jackson, Peter Caputo, Maggie Rauch, Stephen Rogers Prolonged inflation has taken its toll on consumers’ finances. Even as inflation rates show signs of easing,1 roughly four in 10 Americans surveyed in Deloitte’s Global State of the Consumer Tracker feel financially worse off compared to a year ago.2 Many continue to cite concerns around savings and nearly half still say they’re delaying large purchases.3 Americans’ sense of financial well-being seems to have taken a hit, and over the past year, so has spending confidence.4 Recession warnings certainly aren’t making matters any better. Through all the gloom, ...
U.S. Travel Association | February 2, 2022
WASHINGTON — February 2, 2022 — U.S. Travel Association President and CEO Roger Dow delivered an assessment and vision for the U.S. travel industry at the association’s annual State of the Travel Industry address on Wednesday, delivered via webcast from the National Press Club. Said Dow: “We should not singularly view the pandemic as a setback but as an opportunity to reimagine this industry to be stronger than before.” Dow acknowledged short-term priorities that Congress and the Biden administration should act immediately upon to ensure an even recovery for all sectors of travel, while also mapping out a plan tha...
U.S. Travel Association | January 20, 2022
WASHINGTON — January 20, 2022 — More than 600 travel industry members—representative of all 50 states, the District of Columbia, Puerto Rico and Guam—signed a letter to congressional leadership urging immediate action on near-term federal policies to restore and grow the U.S. travel industry. The letter was delivered by the U.S. Travel Association to lawmakers today. The letter details measures that are specifically aimed at reviving the domestic business travel and international inbound travel sectors, which continue to struggle to rebound. Early estimates from Tourism Economics indicate that international travel spending was a...
U.S. Travel Association | November 5, 2021
WASHINGTON – November 5, 2021 – At air, land and sea ports of entry, and across destinations nationwide, the U.S. travel industry will welcome all vaccinated international visitors back to the United States after 19 months of pandemic-related border restrictions beginning Monday (November 8), a long-awaited milestone that marks the rebuilding of international inbound travel. This action is a key first step in the recovery of the highly lucrative international travel market. In 2019, international inbound travel produced $239 billion in export income for the U.S. economy and directly supported 1.2 million American jobs. “...
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