U.S. Travel hosted a two-part webinar featuring a deep dive into the latest travel forecast and an overview of a new global competitive analysis report, conducted by Euromonitor.
The latest forecast shows that international inbound and domestic business travel are still far from a full recovery. Although international travel to the U.S. is increasing, it remains below pre-pandemic levels. Business travel is expected to grow in 2024 but at a slower pace. Domestic leisure growth slowed due to reduced consumer spending amid higher borrowing costs, tighter credit conditions and the restart of student loan repayments.
U.S. Travel's eye-opening study with Euromonitor found that the United States ranks second to last out of 18 top travel markets in terms of global competitiveness. Decades of underinvestment and a lack of federal focus caused the U.S. to fall behind, while other countries implement robust strategies to increase international visitation and grow economic output.
On October 4 at 1:00 p.m. ET, we uncovered the latest consumer insights from our Q3 survey findings of American leisure and business travelers. Experts from U.S. Travel, J.D. Power and Ipsos shared...
Bringing together results from our Business Travel Tracker and Ipsos Consumer Survey, these quarterly consumer insights provide a more in-depth look at current traveler behavior and shifts in traveler trends, all within the context of an evolving macroeconomic environment.
