Published on : Wednesday, May 9, 2018
According to the March Travel Trends Index (TTI) that was released on 1st April, 2018 revealed some interesting statistics about international travel to the U.S. depicting higher visitor numbers in this regard.
On the other hand, domestic business travel has been declining as per the U.S. travel researchers.
Travel to and within the U.S. had risen by nearly 3.4% year-over-year in March as per the U.S. Travel Association’s latest Travel Trends Index (TTI) marking the industry’s 99th straight month of overall expansion.
The international inbound travel to the United States had witnessed an astonishing 11% year-over-year growth in March.
Meanwhile, domestic travel had observed a moderate growth of 2.6% and was dragged down largely by weak domestic business travel that has risen by just 0.2%.
Still, the TTI forecasts a healthy trajectory for travel overall through 2018. The Leading Travel Index (LTI), the predictive component of TTI has projected an overall growth rate of 2.2 percent through September, with the international sector growing three percent in that period.
But despite the positive outlook for international travel, U.S. travel economists and experts assert that the U.S. is likely squandering a massive economic opportunity by failing to keep pace with the international travel boom. The U.S. share of the global international market slid from a peak of 13.6 percent in 2015 to 11.9 percent last year.