What:
According to the most recent Travel Trends Index from the U.S. Travel Association, international inbound travel has continued to drop, but domestic leisure travel is expected to remain a strong economic driver for the U.S. travel sector.
Why It Matters:
Though upcoming months may show some impact from the looming Brexit, most trends are predicted to continue through the remainder of the year, including an overall growth for travel. Additionally, the strong U.S. dollar is particularly great news for American travelers — and their travel advisors — who are looking to explore internationally and get more bang for the buck. At the same time, though, Americans seem to be content staying local, as the domestic leisure travel market remains robust — accounting for 60 percent of travel spending in the U.S.
Fast Facts:
- The August Travel Trends Index will show any resulting fallout from Brexit.
- While domestic leisure travel remains strong, domestic business travel is lackluster.
- Overall U.S. travel has an expected growth of about 1.5 percent through November this year.
What They Are Saying:
"This months' Travel Trends Index proves yet again that American leisure travelers, who account for 60 percent of travel spending in the U.S., will likely continue their role as engines of growth for the U.S. travel industry in 2016," said David Huether, senior vice president for research at U.S. Travel Association. "It will be interesting to see how global events, such as Britain's recent vote to leave the European Union, affect these trends in the months ahead."
The Details
U.S. Travel Associationwww.ustravel.org
