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Updated Forecast: Travel Spending to Fall 45 Percent in 2020

WASHINGTON, D.C.—Travel spending in the United States is expected to finish the year 45 percent down from 2019 levels, and will still not have...
Airport check in counter with no people.

Tourism Economics Forecasts U.S. Travel Spending to Fall 45 Percent in 2020

WASHINGTON, D.C.—Total travel spending in the United States is predicted to drop 45 percent by the end of this year, according to a forecast...
Holiday Destinations — summer vacation

Americans To Spend Record $101.7 Billion on Summer Vacation in 2019

RICHMOND, Va.—Americans are planning to spend more on their summer vacations this year than they have in at least a decade. Allianz Global Assistance's...

How Hoteliers Can Tap Into the Increasing Demand for Luxury Travel

BOSTON, MA–More people than ever are seeking–and spending more on–luxury travel. And they’re changing what the term “luxury” means–they’re likely to look for experiences...

Young Families Are Spending, Traveling Despite Projected Slowdown

NEW YORK– In a year of projected slowdown for travel, young families in the so-called "Millennial" generation are going to spend more and travel...
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