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U.S. Travel Forecast June 2019

Posted By Administration, Wednesday, July 17, 2019
The U.S. Travel Forecast projects that domestic travel will decelerate and grow by 1.7% in 2019 (compared to 1.9% last year), while international inbound travel will stall with just 0.2% growth (compared to 3.5% last year). 
Domestic Leisure Travel: Following strong first-quarter performance, the domestic leisure market is expected to slow through the rest of 2019. It is forecast to grow by 1.8% in 2019 and by 1.7% in 2020. Domestic leisure travel is expected to continue growing faster than domestic business travel and will continue to be supported by upbeat consumer attitudes and solid—though moderating—labor market conditions. 
Domestic Business Travel: Business investment rose 6.9% in 2018 but is expected to decelerate in 2019 and 2020. Corporate profits are also expected to slow or possibly decline in 2019 and 2020, and equity markets may follow suit. Although the domestic business market performed relatively well in the first quarter of 2019 (1.8%), growth is expected to decelerate through the rest of the year. Domestic business travel is expected to grow by 1.5% in 2019 and 1.4% in 2020, and will continue to trail the domestic leisure travel. 
International Inbound Travel: Inbound travel to the U.S. softened in the early months of 2019, due in large part to declines from Canada and Mexico, while arrivals from overseas remained positive. Overseas visitations to the U.S. are expected to grow moderately (1.9%) for the year (2019). Meanwhile, arrivals from Canada and Mexico are expected to decline. As a result, overall international visitations to the U.S. will edge up just 0.2% in 2019, with an expectation of a recovery to 3.0% growth in 2020. Read more of the report by clicking here.


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