The U.S. Travel Association's most recent travel data shows mostly stable levels compared to last year, though visits from Canada are starting to decline in the national data. Overall travel spending, domestic and overseas air travel, and hotel demand all changed by 3% or less year-over-year. National park visits fell nearly 6% versus last year, continuing a four-month downward trend.
Current economic data and sentiment indicators present a mixed picture. Leisure and Hospitality jobs continued to grow while overall unemployment remained flat. Consumer sentiment ticked up after months of decline but remains significantly lower than last year. Travel prices remain attractive—U.S. Travel’s Travel Price Index reported costs were 0.6% lower in May than a year ago, driven by lower airfare and gas prices. Inflation in travel remains below the broader economy.
Photo courtesy of the U.S. Travel Association.
