Surging US leisure travel carries weak business and international segments
U.S., Dec. 11 -- According to the US Travel Association 's latest Travel Trends Index (TTI), travel to and within the United States grew 2.2% year over year in October 2019.
Domestic business travel declined 1.6% and underperformed its six-month trend (0.8%). U.S. Travel economists note that historically, business travel declines in advance of leisure heading into an economic slowdown-possibly a worrisome harbinger for the broader economy.
Fortunately, the strength of domestic leisure travel (4.4%) offset the struggling business travel segment and kept domestic travel overall in positive territory at 2.6% growth. But the report predicts that the pace of domestic leisure travel's expansion is unlikely to sustain, with the Leading Travel ...
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