Research Round Up: Air Travel Soars While Infrastructure Investment Remains Grounded
April 15, 2019 By Jamie Mageau, Director of Research Products, U.S. Travel Association
Each month, the U.S. Travel Association sends its members the U.S. Travel Outlook, which provides insight into the current state of the economy and related industry trends, plus other relevant data from the travel and tourism sector.
Here are some of March 2019’s most compelling findings from the U.S. Travel research team.
Air passenger enplanements soared while infrastructure investment remains grounded
2018 was a big year for air travel. According to recent Transportation Department data, nearly 900 million passengers boarded U.S. air carriers last year. System-wide passenger enplanements increased at a rate of 4.8%, faster than the annual increases registered in 2017 or 2016.
Air travel demand also ended the year on a high note: demand increased 3.8% year-over-year as 82.9 million passengers boarded planes across all U.S. airports in December. Domestic flights accounted for 77% of all U.S. passenger enplanements.
As demand for air travel increases, it is important that America’s aviation systems are equipped to handle the surge in passengers. U.S. Travel’s infrastructure policy platform makes several recommendations to bolster aviation infrastructure, including an adjustment to the Passenger Facility Charge cap.
Consumer confidence rebounding after shutdown sluggishness
According to the Conference Board, consumer confidence bounced back significantly in February, logging a reading of 131.4 points. This is 9.7-point increase from a sluggish January, which saw consumer confidence take a hit during the 35-day partial federal government shutdown and as a result of volatile financial markets.
While the resurgence is good news, it may not continue at such a vigorous pace.
"Looking ahead, consumers expect the economy to continue expanding,” said Stephen Stanley, chief economist at Amherst Pierpont Securities. “However, the pace of expansion is expected to moderate in 2019.”
American travelers: more time with family and friends, less time with devices
When it’s time to plan a vacation, Americans are in search of more peaceful experiences with family and friends, according to the annual Voice of the Visitor: Outlook on the Attractions Industry report. Compared to five years ago, Americans say they spend more time outdoors and relaxing, and spend less time playing video games and talking to friends online.
Accordingly, the top visited attraction types in 2018 were overwhelmingly family friendly: historic landmarks, zoos/animal attractions, theaters, theme parks and history museums rounded out the top five.
A deeper dive into the data and insights available in the March 2019 U.S. Travel Outlook—which includes the latest data on employment, transportation, inflation, consumer confidence and more—is online here.
U.S. Travel Association members receive the full U.S. Travel Outlook, plus a myriad of other cutting-edge data and insights relevant to the travel industry. Learn more about the benefits of becoming a member here—or simply continue to enjoy a small taste of U.S. Travel’s research insight each month here, with the Research Round-Up.
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