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U.S. Travel Outlook, September 2017

Posted By Administration, Tuesday, September 26, 2017

After a slow start in the first quarter of the year, economic growth accelerated to 3 percent annualized growth in the second quarter, the fastest quarterly pace in more than two years. Developments so far in the third quarter paint a positive picture overall for the economy. Employment and personal income continue to increase, though at a slightly milder pace than earlier in the year and consumer confidence remains high. Together these factors should buoy consumer spending in the near term; upturns in capital goods shipments signal that businesses are continuing to invest in equipment; and exports of U.S. goods and services are growing. While the recent hurricanes in Texas and Florida will likely have negative impacts in the near term, the overall foundation for the economy remains solid.

Click here to view the US Travel Outlook for September 2017.

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