Published on : Tuesday, March 28, 2017
However, the economists are anxious that the latest TTI based on the January statistics, majorly before the executive order on the visa policy proposed by Donald Trump on 27th January is anticipated to show an impact on the international travel market.
In January, the international travel increased at a year-over-year rate of nearly 7.8%.
The Current Travel Index (CTI) of TTI states that the sphere of international travel had got the highest score in January ever since May 2014 that has been quite a remarkable performance taking into account a number of factors, especially a strong U.S. dollar.
David Huetcher, the Senior Vice President, U.S. Travel Association said that the international inbound travel is proving to be stronger than was expected by the industry experts. Meanwhile, thanks to a roaring stock market, the scenario for domestic business travel had become stronger and had boosted confidence of businesses. The Leading Travel Index (LTI) of TTI revealed that the sector is likely to flourish from July 2017 onwards.
The U.S. Travel Association had developed the TTI in partnership with Oxford Economics.