Travel Trends Index: Gloomy Six-Month International Projections Overshadow Domestic Travel Gains
WASHINGTON (December 4, 2018)—Happen to be and within the U.S. grew 3.october 2 percent year-over-year in, based on the U.S. Travel Association’s latest Travel Trends Index (TTI)—marking the industry’s 106th straight month of overall expansion.
However, based on the Leading Travel Index (LTI), year there’s continued cause for concern looking forward to the new.
International inbound travel expanded 2.october 4 percent year-over-year in. Month but that growth was at a slower rate compared to the previous, april 2019 and the LTI projects that international inbound travel will continue steadily to decelerate through.
“A worrying trend of deceleration has had root in the next half of the entire year,” said U.S. Travel Senior Vice President for Research David Huether. “Weakening global fiscal conditions, coupled with rising trade tensions and a strengthening dollar, will continue steadily to spell trouble for the international segment.”
U.S. Travel economists caution that softening growth in the international inbound market shall hinder the U.S. in its efforts to capture its share of the global international travel market.
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The news on the domestic side is sunnier, october as both business and leisure travel found in. Vacation intentions buoyed by high degrees of consumer confidence supported leisure travel gains historically. September domestic business travel rebounded considerably following a sluggish, registering 51.9 on the October Current Travel Index (CTI).
Domestic travel is projected to cultivate 2 overall. april 2019 4 percent year-over-year through, with business travel leading the true way. Still, heightened market volatility and rising trade tensions could temper business investment and constrain what’s expected to function as fastest-growing travel segment.
The TTI is prepared for U.S. Travel by the extensive research firm Oxford Economics. The TTI is dependant on public and private sector source data which are at the mercy of revision by the foundation 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 along with other tabulations of international inbound happen to be the U.S.; and accommodation demand data from STR.
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