FORECAST November 29, 2022
Driven by Tourism Economics' travel forecasting model, the latest U.S. Travel Forecast projects the following:
- Continued resilience of domestic leisure travel, which has surpassed pre-pandemic levels
- Continued improvement in domestic business travel, with a slight slowdown in 2023 as the economy enters a mild recession. A full recovery in terms of volume is still forecast for 2024, but inflation-adjusted spending recovery remains beyond the range of the forecast
- Sluggish recovery for international inbound travel as it continues to face headwinds, with a full recovery not expected prior to 2025
To complement the travel forecast table, U.S. Travel has released an accompanying background report, now in a slide deck format, which provides context to the latest projections. This document, which appears on the right under "downloads", is available exclusively to U.S. Travel members.
U.S. Travel Forecast Report
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