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U.S. Travel Outlook, August 2017

Posted By Administration, Monday, August 28, 2017

U.S. Travel Association - August 2017 Report

Current State of the Economy and Travel

Closely mirroring 2016, the economy improved during the second quarter of the year, aided by solid consumer spending, businesses investment and export growth, which may have been encouraged by a modest depreciation in the value of the dollar since the beginning of the year. Consumer confidence remains elevated, employment and wage growth are expanding and recent data on retail sales indicate that consumer spending—a necessary ingredient for United States economic expansion—got off to a solid start in the third quarter.

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