An Update On Economic Conditions for Travelers and the Travel Industry

Joshua Friedlander | August 12, 2024

The volatility of markets over the last few days has raised important questions about economic health globally, for the U.S. and for the travel industry. The U.S. Bureau of Labor Statistics released employment figures for July that showed fewer new jobs created than prior months, and an increased unemployment rate of 4.3%. Despite these challenges, the data continues to reflect a resilient and responsive travel industry—an encouraging sign given travel’s essential role in our nation’s economic success and global competitiveness. While many travel indicators have remained positive, we recognize that the industry is not immune to ove...