Forward looking monthly summary of the latest economic, consumer and travel indicators, trends and analysis. This monthly member-only communication features the Recovery and Growth Insights Dashboard as well as the latest data and trends affecting travel’s recovery. Analysis of the broader economy and its impact on travel will provide unique insights to help travel businesses make informed and timely decisions.
The Recovery and Growth Insights Dashboard developed in collaboration with Tourism Economics, is supported by more than a 20 data sources. The dashboard is the most comprehensive and centralized source for high-frequency intelligence on the U.S. travel industry, tracking industry performance, travel volumes and predictive indicators of recovery including air and lodging forecasts, DMO website traffic, convention and group trends, travel spending and losses, traveler sentiment, among others to measure the health of the industry.
Key July Highlights:
- Travel spending surpassed 2019 levels for the third consecutive month and hit a new pandemic high of $105 billion in June 2022
- More than four in 10 (43%) American travelers now say rising gas prices will greatly impact their decision to travel in next six months
- DMO/CVB group room nights contracted in June are now just 14% below 2019 levels and the pace for room nights on the books also improved for both Q2 and Q3
- Overseas visitation improved slightly (from -41% in May) but remained 43% below 2019 levels in June