As per the U.S. Travel Association, international and domestic travel growth is projected to slow considerably in the first five months of 2019 due to ‘worrying trends’. It is projected that the inbound travel growth will slow by 1 per cent for the first five months of 2019. Domestic travel growth is expected to slow to 2.4 per cent as against 3.8 per cent growth for the same period in 2018.
David Huether, U.S. Travel senior vice president for research said that the factors for the slowdown in the inbound travel is due to rising trade tensions, softening global growth and the increase in the value of the dollar.
U.S. Travel cautions that domestic business travel’s ride would not be smooth, owing to the volatility in the markets which could dampen the investment trend.
International inbound travel expanded 3.8 per cent and domestic travel was up by 3 per cent, in Nov. 2018 in both business and leisure domains.
Adam Sacks, president of Oxford’s Tourism Economics group said, “Looking ahead, both domestic and international travel demand are anticipated to slow amidst gradually cooling domestic and global economies, heightened market volatility and trade tensions,”
Oxford’s Tourism Economics group prepares U.S. Travel’s research.
Tags: inbound, International, Travel, US
