Domestic Growth Offsets Sluggish International Market
Travel to and within the United States grew 2.2% in November, compared with the same period last year, according to the latest U.S. Travel Association Travel Trends Index.
Domestic travel growth in November was steady at 2.4%, mostly buoyed by the strength of domestic leisure travel's robust 3.4% growth.
International inbound travel continued its decline in November, contracting 0.4%. The Leading Travel Index—the TTI predictive component—holds that this trend will continue with international inbound travel declining 0.6% over the next six months, compared with the same period in the previous year.
But Congress took an important step toward stemming the decline by renewing the Brand USA marketing agency in the final days of the legislative session.
"The recent slide in U.S. share of the international travel market would have been significantly worse without Brand USA promoting the United States, and Congress signaled a commitment and need for the United States to grow its global market share by renewing Brand USA late in a busy session," said Roger Dow, President and CEO, U.S. Travel Association.
Brand USA—which was set to expire this year—was renewed through 2027 via a reauthorization measure included in the broader spending package passed by Congress in late December 2019.
The TTI findings are in line with U.S. Travel's latest forecast, which projects a 1% decline in international visitation to the United States when final data is tallied for 2019. While global long-haul travel is projected to grow an average of 4.8% annually through 2023, the pace of U.S. growth is projected to be just half of that figure at 2.4%; this will further diminish the U.S. share of the total long-haul travel market from its 2015 high of 13.7% to just 10.4% by 2023.
Click here to read the full report.
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.
Courtesy of Groups Today.