U.S. Travel Association
U.S. Travel Outlook is a monthly newsletter of the U.S. Travel Association. Visit http://www.ustravel.org/news/us-travel-newsletters/travel-outlook
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Examining Current Industry Trends
Current State of the Economy Current State of the Economy

Many measures suggest that the economy continues to recover despite modest GDP growth in the first and second quarters of 2013.

LABOR Non-farm payroll employment increased by 162,000 in July – a little weaker than expected - according to the BEA, with upward revisions to the previous two months.Go to Outlook


Business Travel Business Travel

Though American Express recently reported improved second-quarter performance for many of its key financial and operational metrics, global corporate travel sales dropped two percent year over year, the sixth consecutive quarter of such decline.

MEETINGS Group travel is picking up, according to several sources. According to STR, transient demand has led the recovery in 2013, but recent data suggest group demand will strengthen as the year progresses.Go to Outlook


Leisure Travel Leisure Travel

The latest PhoCusWright "U.S. Consumer Travel Report" reveals that the number of adults traveling annually has remained stagnant. About four in ten are now traveling, as compared to a percentage in the low 70s before the recession.Go to Outlook


Air Travel Air Travel

Global air travel expanded strongly (5.9%) in June compared to a year ago, according to the International Air Transport Association. Go to Outlook


Lodging Industry Lodging Industry

According to STR, the hotel industry turned in the following performance in Q2 2013: supply (+0.8%), demand (+2.1% ), occupancy (+1.3%), average daily rate (ADR) (+3.6%) and revenue per available room (RevPAR) (+5%). Go to Outlook


International Travel International Travel

According to the Office of Travel and Tourism Industries, international air traffic to/from the U.S. totaled 72.8 million passengers through May 2013, up almost four percent from the May 2012 year-to-date period.

EXPORTS According to the BEA, total June exports of $191.2 billion and imports of $225.4 billion resulted in a goods and services deficit of $34.2 billion, down from $44.1 billion in May, revised.

POLICY Challenges remain concerning the U.S. entry process for international visitors. U.S. Travel has developed a new website called "Traveler's Voice," which aims to help deliver appeals from travelers to the U.S. government to improve the U.S. entry process.Go to Outlook

 
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