Market Report U.S.
NEW Forecast Predicts United States Will Continue to Struggle for International Inbound, Domestic Business Travel
United States Trailing Global Competitors; National Leadership Increasingly Critical
United States Trailing Global Competitors; National Leadership Increasingly Critical
The U.S. ranked 17th out of 18 countries analyzed, stemming from decades of underinvestment and a lack of focus and coordination from the federal government.
Federal government must prioritize improvements across air travel ecosystem to achieve greater growth
Federal Government Shutdown Would Cost U.S. Travel Economy $140 Million Per Day
Domestic business travel growth moderates, intl inbound travel accelerates
Nearly 5,000 attendees from more than 60 countries gathered in San Antonio, Texas, May 20-24 for the 54th annual IPW - the travel industry's premier international marketplace and the largest generator of inbound travel to the United States.
'The drop-off in leisure and hospitality hiring reported today is a concern as our industry prepares for the busy summer season and the need to fill 1.5 million open jobs in this sector.'
'Journey to Clean' highlights travels best practices, commitments
New data released by the U.S. Department of Commerce reveals the countrys travel trade surplus slipped to just $4 billion in 2022down from an all-time high of $85.9 billion less than a decade ago, underscoring the urgent need to rebuild inbound travel and regain its associated economic benefits.
Just over half of all Americans (52%) are planning to travel for leisure purposes in the next 6 months. A similar share of Americans (59%) report traveling for leisure purposes in 2022.