Forward looking monthly summary of the latest economic, consumer and travel indicators, trends and analysis. This monthly member-only communication features the Travel Recovery 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 Travel Recovery 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 April Highlights:
- In March 2022, travel spending ($95 billion) was 5% below 2019 levels, an improvement from the omicron-led regression to -12% in January, and nearly back to December’s pandemic peak of “only” -4%
- About six in 10 Americans are planning at least one summer trip. Despite higher gas prices, of those planning vacations, 35% expect to travel MORE this summer than last
- Nearly two-thirds of American travelers (63%) say rising gas prices will impact their decision to travel in the next six months
- Eight in 10 travel managers report some sort of change in company business travel policy including fewer business trips, additional trip approval requirements and additional layers of evaluation
- Overseas arrivals remained 52% below 2019 levels in March, a moderate improvement from prior months
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