U.S. Travel Association Forecast a Mixed Bag
The U.S. Travel Association released its latest forecast projecting U.S. travel trends through 2023 and their predictions include a return to growth after a slowdown in 2019 exacerbated by an overall 1 percent decline in international visitation in 2019. The forecast predicts steady increases in international travel beginning with a 2 percent increase in 2020 and climbing to 3.1 percent for 2023, though still expected to lag behind international travel trends abroad. The diminished international travel, however, is buoyed by domestic travel growth expected to grow at a moderate rate of 1.4 percent in 2020, and total spending estimated to grow 5.2 percent in 2023, exceeding the pre-slowdown growth. To see the report summation in detail, follow this link.