travel spend
ITA Data Release: December 2023 International Inbound Visitor Spending
National Travel and Tourism Office | February 22, 2024
International Visitors Spent $19.5 Billion in the United States in December 2023 Data recently released by the National Travel and Tourism Office (NTTO) show that in December 2023: International visitors spent $19.5 billion on travel to, and tourism-related activities within, the United States, an increase of more than 22% compared to December 2022 and the highest level of monthly spending since December 2019 (before the onset of reported COVID-19 cases). In fact, monthly U.S. travel and tourism exports are within $1.4 billion of their highwater mark set back in March 2018 when international visitors spent an appreciable $20.8 billion ...
Global Hotel Investment Volume Will Accelerate in 2024, Exceeding the Previous Year by 15% to 25%
JLL | January 24, 2024
JLL’s 2024 Global Hotel Investment Outlook outlines the resilience and growth of the hotel sector as consumers continue to prioritize spending on travel CHICAGO, Jan. 24, 2024 – JLL’s Hotels & Hospitality Group has released their flagship Global Hotel Investment Outlook, which reveals that global hotel performance soared in 2023, reaching a full recovery. Though 2023 proved to be a challenging year for commercial real estate, marked by geopolitical tensions and capital market dislocation, the lodging industry demonstrated resilience, with RevPAR (revenue per available room) achieving a full recovery and surpassing 2019 levels b...
International Visitors Spent Nearly $19 Billion in the United States in October 2023
National Travel and Tourism Office (NTTO) | December 7, 2023
Data recently released by the National Travel and Tourism Office (NTTO) show that in October 2023: International visitors spent $18.9 billion on travel to, and tourism-related activities within, the United States, an increase of 23 percent compared to October 2022 and the highest level of monthly spending since December 2019 (before the onset of reported COVID-19 cases). In fact, monthly U.S. travel and tourism exports are within $1.9 billion of their highwater mark set back in March 2018 when international visitors spent an appreciable $20.8 billion experiencing the United States. Conversely, Americans spent a record-setting $18.4 b...
International Visitors Spent $18.8 Billion in the United States in September 2023
National Travel and Tourism Office (NTTO) | November 13, 2023
Data recently released by the National Travel and Tourism Office (NTTO) show that in September 2023: International visitors spent $18.8 billion on travel to, and tourism-related activities within, the United States, an increase of 24 percent compared to September 2022 and the highest level of monthly spending since December 2019 (before the onset of reported COVID-19 cases). In fact, monthly U.S. travel and tourism exports are within $2.0 billion of their highwater mark set back in March 2018 when international visitors spent an appreciable $20.8 billion experiencing the United States. Conversely, Americans spent a record-setting $18...
Survey Reveals Consumers Are Splurging on Travel and Experiences Again After Years of Saving
5WPR | October 3, 2023
NEW YORK, Oct. 3, 2023 -- 5WPR, one of the largest independently-owned PR Firms in the U.S., reveals that 51% of American consumers tend to splurge and buy the best they can afford when thinking about making travel and experience purchases, compared to 38% of consumers who listed the category as a splurge in the agency's 2022 survey. "Since Q4 2022, consumers have reported a 13% increase in their interest to splurge rather than save on travel and experiences, indicating their appetite for travel has increased over the course of 2023, and going into 2024," said 5WPR Co-CEO, Dara A. Busch. "With travel heavily influenced by external facto...
Business Travel in Asia Pacific Poised for Significant Rebound in 2023, Spending Forecast To Reach Almost $800 Billion by 2027
GBTA | September 25, 2023
GBTA reveals regional outlook data and insights during its sold-out 2023 GBTA APAC Conference held this week in Singapore After challenging years due to the pandemic, for 2023 and beyond, business travel in Asia Pacific is forecast for significant growth, with travel spending gaining 41% to USD $567 billion this year ─ and rising to $800 billion by 2027. China’s reopening and robust domestic demand will be a big catalyst for the growth. Solid rebound is also anticipated in Japan, South Korea, and Australia, along with the return of international business travel, which is anticipated to boost Singapore, Hong Kong and Malaysia. ...
U.S. Travel Spend Returns to Pre-Pandemic Levels, Totaling 4% of All Spend
Affinity Solutions | September 13, 2023
New data from Affinity Solutions indicates US travel spend has returned to pre-pandemic levels WHO: Affinity Solutions, the leading consumer purchase insights company. WHAT: Affinity Solutions’ Consumer Purchase Insights, based on actual credit card, debit card and transaction data, observed from January 2019 to June 2023: • Travel purchases rebound: The percentage of unique travel shoppers totaled 11.7% in 2019, with total spend reaching 4.5%. The category saw significant declines during the COVID-19 pandemic, with total spend falling to 2.5% in 2020. The category bounced back in 2022, with unique shoppers reaching 12% and total s...
ITA Data Release: May 2023 Total International Travel Volume
International Trade Administration | August 4, 2023
In May 2023, International Visitor Arrivals to the United States Totaled 5,369,628, an Increase of 26% Compared to May 2022 U.S. Citizen Outbound Travel Departures from the United States Totaled 8,447,652 in May 2023, an Increase of 24% Compared to May 2022 Data recently released by the National Travel and Tourism Office (NTTO) show that in May 2023: International Arrivals to the United States • Total non-U.S. resident international visitor volume to the United States of 5,369,628 increased 26% compared to May 2022 and represents 80.1% of the pre-COVID total visitor volume reported for May 2019, up from the prior month’s 79.2%. ...
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