International travel slump continued in June
Image collected
Domestic business travel fell 0.2%, which U.S. Travel attributed to "cooling business investment and ongoing trade conflicts," which U.S. predicted would continue to be an issue through 2019.
Domestic leisure travel was strong for the month, increasing 3.8% and contributing to an overall growth of 2.4% year over year for the month of June.
The TTI's Leading Travel Index (LTI) forecasts that inbound travel growth will decline slightly over the next six months (about 0.2%), consistent with U.S. Travel's projection that America's share of the global long-haul travel market will fall from its current 11.7% to below 10.9% by 2022.
The LTI projects overall U.S. travel volume will grow 1.8% through December, with domestic travel growing 2%.
Source: https://www.travelweekly.com
Tags :
Previous Story
- Bangladesh can reap benefit from US-China trade war
- Why we could all benefit from getting back...
- Harden: New move will look like a travel;...
- Bangladesh Leather Industry Slump Continues
- FedEx refused a Huawei phone to the US...
- FedEx refused to deliver a Huawei phone into...
- Huawei prepares for 40%-60% fall in international smartphone...
- Bangladesh goes former China to become top rated...