Americans are now expected to spend $1.5 trillion on travel this year as the economy continues its upward trajectory, according to US Travel Association forecasts released today.
The “u.s. travel statistics 2021” is a forecast of the US Travel industry from 2020-2021. It includes information on how much people are expected to spend, and where they’re going to be traveling to.
On Monday, the United States Travel Association released its biannual recovery forecast for domestic and international travel spending, revealing the latest projections for a delayed recovery for international inbound and business travel segments, but encouraging trends for domestic leisure travel in the wake of the COVID-19 pandemic and the reopening of the United States to international travel on November 8.
Domestic leisure travel, according to Tourism Economics’ study, will continue to fuel the U.S. travel industry’s recovery in the months ahead, having already returned to pre-pandemic levels. As early as 2022, domestic leisure travel is expected to reach pre-pandemic levels. Business travel and foreign inbound travel, on the other hand, are expected to take longer to recover, according to the prediction.
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Domestic business travel expenditure is only predicted to rebound to 76% of 2019 levels in 2022, with the sector not likely to completely recover until 2024. In the meanwhile, foreign inbound travel expenditure is only likely to recover to 72% of 2019 levels in 2022, and not entirely until 2024 or 2025.
“While we see much cause for hope on the horizon, our prediction shows that travel’s recovery is uneven, with more work ahead to ensure all sectors return to pre-pandemic levels,” said Roger Dow, President and CEO of the United States Travel Association. “We think the United States can develop smart, effective measures to swiftly reintroduce foreign tourists and promote business and professional travel, therefore accelerating the recovery of the economy and employment.”
“As we strive to rebuild the United States as the world’s top destination for global tourists,” Dow continued, “stabilizing regulations may assist assure a more fair recovery.”
The group recommended several policies to help the travel industry recover faster, including fully reopening and restarting visitor visa processing at US embassies and consulates; ensuring that Customs and Border Protection and Transportation Security Administration officers are adequately resourced; passing the Restoring Brand USA Act to provide emergency relief funding to the country’s destination marketing organization Brand USA; and enacting temporary tax cuts.
NEWLY RELEASED: Our biannual forecast, which includes the following information: Domestic leisure has recovered to levels seen before to the outbreak. International and corporate travel categories have seen a skewed recovery. To hasten an economic and employment recovery, effective measures are required. Released in its entirety pic.twitter.com/tmbGB7U7jC https://t.co/lAAqInJS6T pic.twitter.com/tmbGB7U7jC
November 15, 2021 — U.S. Travel (@USTravel)
Click here to get the most recent travel expenditure projection table from the United States.
The “u.s. travel forecast 2021” is a report released by the U.S Travel Association that shows how much Americans are expected to spend on vacations in 2021.
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