The explosive return of leisure travel has served as a lifeline for the travel industry, but it is not enough. Supporting sustained growth of domestic leisure travel, in addition to an urgent restart of business and international travel, is key to a full economic recovery.
U.S. Travel led successful advocacy efforts to develop and pass federal measures to aid the travel and tourism industry’s recovery, including funding to enable the resumption of marketing and promotion to leisure travelers.
- Read more on U.S. Travel’s efforts to aid the travel industry’s recovery throughout the COVID-19 pandemic.
Our view: Domestic leisure travel has recovered to 2019 levels, however, had the pandemic not occurred the economic benefits of domestic leisure travel would be much higher.
The data shows: In 2024, travel spending across all segments will still significantly lag pre-pandemic forecasts and according to the most recent projections domestic leisure travel spending will still be 13% below pre-pandemic forecasts.
The bottom line: The travel industry’s full economic recovery should be measured by when travel spending and jobs reach the same levels we would have achieved if the pandemic had not occurred.