U.S. Travel has temporarily paused our monthly data newsletter, however, the latest travel data is still available via the Recovery and Growth Insights dashboard. This dashboard is updated each month (member login required).

The Recovery and Growth Insights Dashboard, developed in collaboration with Tourism Economics, is supported by more than 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 Highlights:

  • The year closed out with weaker travel appetite. Hotel room demand fell relative to a year ago—the seventh consecutive decline—while short-term rental demand growth weakened further.
  • Group room demand within the top 25 markets contracted 8% relative to the prior year—the biggest drop since March 2021.
  • Travel price inflation (TPI) inflation accelerated in December due to the elevated cost of eating out and softer declines in transport prices, but there is continued signs of gradual disinflation in services overall which is boosting overall consumer sentiment.
  • Sentiment is growing for upcoming travel in 2024. The share of travelers reporting having travel plans within the next six months increased to 92% in December from 91% in November according to Longwoods International’s monthly survey.
  • The recent improvement in confidence could wane as growth moderates over the year. However, the odds of a recession have declined over the past several months. A resilient labor market, rising real disposable incomes, and looser financial conditions should support a soft landing rather than a contraction.
  • Downside risks remain and stem from upward price pressures due to elevated services inflation, and higher shipping costs as a result of delays in shipping routes, geopolitical conflicts and harsh El Nino weather patterns. 
October 2023, Travel Data Report August 2023, Travel Data Report July 2023, Travel Data Report June 2023, Travel Data Report May 2023, Travel Data Report

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