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February 2018 US Travel Outlook

Posted By Administration, Wednesday, February 28, 2018
February 2018
U.S. Travel Outlook is a monthly newsletter of the U.S. Travel Association. Visit http://www.ustravel.org/news/us-travel-newsletters/travel-outlook
ArchiveContact Usustravel.org
Examining Current Industry Trends
Current State of the Economy Current State of the Economy and Travel

Recent indicators show that the economic expansion is accelerating, consumer and small business confidence remain high, the labor market is healthy, wage growth is picking up and inflation remains contained. Given the fact that the economic effects of the recently passed tax legislation have high-frequency statistics that have yet to be picked up, the possibility of further acceleration in economic growth moving forward is very real. As the recent wild moves by the stock market have illustrated, potential negative spillover effects related to inflation remain a constant concern.Go to Outlook

LABOR

Nonfarm payrolls grew by 200,000 in January and the unemployment rate remained at 4.1 percent.Go to Outlook

CONSUMER CONFIDENCE

"Consumer confidence improved in January after declining in December," said Lynn Franco, director of economic indicators at The Conference Board.Go to Outlook

CONSUMER SPENDING

Personal consumption expenditures(PCE) finished 2017 stronger than expected, increasing 0.4 percent month-on-month (m/m), an annualized rate of 4.9 percent.Go to Outlook

EXPORTS

The U.S.goods and services trade deficit increased 5.3 percent in December to $53.1 billion.Go to Outlook

STATE OF BUSINESS

The Commerce Department says that orders for long-lasting manufactured goods rose 2.9 percent in December from November (m/m), the fastest pace in six months.Go to Outlook

TRAVEL TRENDS INDEX

The Current Travel Index (CTI) has registered at or above the 50 mark for 96 straight months, as the industry nears its ninth consecutive year of expansion according to the latest Travel Trends Index.Go to Outlook

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Leisure Travel Leisure Travel

For the first time, the federal government and private industry estimated the outdoor recreation industry's contribution to the national economy.Go to Outlook

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Lodging Industry Lodging Industry

Revenue per available room grew 2 to 4 percent for the U.S. hotel industry in January 2018, according to preliminary numbers from STR.Go to Outlook

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Transportation Transportation

AIR TRAVEL

Reporting year end results, 2017 global passenger demand rose 7.6 percent compared to 2016 according to the International Air Transport Association (IATA).Go to Outlook

ROADS & RAILS

AAA reported that the national gas price average decreased to $2.58, for the first time week-over-week this year.Go to Outlook

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Business Travel Business Travel

Global business travel is expected to thrive in 2018, according to American Express Global Business Travel (GBT).Go to Outlook

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International Travel International Travel

International visitation to the U.S. was down 3.6 percent for the first eight months of 2017 compared to the first eight months of 2016, according to the Commerce Department.Go to Outlook

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Project: Time Off Project: Time Off

The bucket list is losing out to the to-do list. Sixty percent of Americans are planning for their to-do list or not planning at all. Read more about The Power of Planning from Project: Time Off's latest report.Go to Outlook

U.S. Travel Updated

RESEARCH

Research released the Domestic Travel Market Report, 2017 edition to members this week.Go to Outlook

POLICY

U.S. Travel unveiled our guiding infrastructure principles in Building the Next Generation of Travel Infrastructure.Go to Outlook

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MEMBER RESOURCES TOOLKITS RESEARCH REPORTS INTERACTIVE TRAVEL ANALYTICS
U.S. Travel Dashboard
U.S. Travel Dashboard U.S. Travel Dashboard
Travel Trends Index Share of Domestic Search

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