International travel to the U.S. has declined for its fourth straight month, down 1.2% in July. Not only has international inbound travel been declining, but it is projected to continue doing so over the next six months. However, a 3.8% increase in domestic travel has kept travel’s overall growth afloat. Domestic leisure and business segments are currently accounting for 86% of the travel economy within the United States and is projected to expand another 2.0% through January, 2020. (U.S. Travel Association, 09.03.19)
If you have questions on what these trends mean for you, contact us today at 417.877.7808. or schedule a free consultation here.