Travel spending rose for the seventh consecutive week in the week ending June 13th, again marking its highest level since March. This expansion has seen travel spending approximately quadruple from its bottom in late April but remains severely depressed at less than half of 2019 spending levels.
President Donald Trump is expected to sign an executive order on Monday that would suspend temporary visas for foreign workers until the end of 2020, angering advocates who say he is targeting immigrants for domestic political reasons. (USA Today)
The travel industry has come together, working with health and medical experts, to reach collective agreement on a core set of health and safety guidance that the industry may adapt to their businesses.
U.S. Travel Association Releases Latest Travel Forecast
The U.S. Travel Association’s latest forecast of travel data offers a sobering picture of the impact COVID-19 is having on the travel and tourism industry and predicts that travel spending will lag behind the overall economic recovery through 2023. This table shows that overall travel spending in 2020 is likely to drop by 44.8% from 2019 – and spending by international visitors will decline by 75.1%. Looking ahead, US Travel forecasts travel spending in 2023 to remain below 2019 levels. By 2023, domestic leisure travel is projected to top 2019 levels – 1.889 billion trips in 2023 versus 1.858 in 2019 – but business trips will remain below 2019 levels. The projections come from a proprietary forecasting model developed by the US Travel association and Oxford Economic.
U.S. Travel’s National Chair Elliott L. Ferguson, II, president & CEO, Destination DC moderates an important conversation about race and diversity within the travel industry and how we can work toward a more inclusive environment. This candid discussion provides personal perspectives on current events, looking specifically at how leaders of all backgrounds can make meaningful changes in the workplace to promote racial equality at all levels and set an example for future leaders within the travel industry.
U.S. Secretary of the Interior David L. Bernhardt today announced the annual economic benefit of national parks to the U.S. and local economies. In 2019, visitor spending in communities near national parks resulted in a $41.7 billion benefit to the nation’s economy and supported 340,500 jobs. Visitor spending increased by $800 million from 2018 to 2019 and the overall effect on the U.S economy grew by $1.6 billion. In the last five years, visitor spending has increased by $4.1 billion and the effect on the U.S. economy grew by $9.7 billion.