Gloomy Projections Overshadow Domestic Gains

New data shows travel to and within the U.S. is up 3.2% year-over-year in October—marking the industry’s 106th straight month of expansion. However, there is cause for concern looking ahead to the new year. While international inbound travel expanded 2.4% year-over-year in October, this growth was at a slower rate than in September. And the leading travel index (LTI) projects that international inbound travel will continue to decelerate through April 2019—which will hinder the U.S. in its efforts to recapture its share of the global international travel market.

The good news is that domestic travel overall has grown and is projected to grow 2.4 percent year-over-year through April 2019, with business travel leading the way. (U.S. Travel Association, 12.04.18)