Domestic Business Travel is set to Grow in 2019

Domestic Business Travel is set to Grow in 2019

From December 2018 through May 2019, inbound travel to the U.S will decelerate after it has showed strong growth in the past year.

According to David Huether, USTA SVP of research, this is attributed to: (1) the high value (strength) of the U.S. dollar – which will reach its highest since 2002, (2) a weaker global economic growth – which will reduce demand for travel into the U.S, and (3) the decrease of travelers from Brazil and Mexico – both of which have seen strong growth in recent years.

Huether says that “while we expect visitations from abroad to continue to grow, it’s going to be growing at a significantly slower pace than the 2010-to-2015 period, where you had overseas visitation growing sometimes in the 5 percent to 7 percent range.”

Despite the expected down from the international sector, the USTA forecasts the growth of domestic business travel will be faster than in the past three years, indicating a 3.2 percent growth for period from December 2018 through May 2019 (when compared year-over-year).

For the same period, leisure travel growth will stay around 2 percent, while domestic business and leisure travel combined is estimated to grow 2.4 percent.