Travel Trends Index Predicts Moderate Growth in 2016

    According to the U.S. Travel Association’s new monthly Travel Trends Index, which tracks and predicts the volume and pace of travel to and within the U.S., travel leveled off at the end of the 2015, but early 2016 should see moderate growth. The Index also showed that domestic leisure travel is strong and getting stronger, likely due to higher wages and lower gas prices. As jet fuel prices have plummeted, the travel industry has experienced a surge in tourists booking trips in advance before airfare rises again. However, due to rising interest rates and unpredictable markets, there has been a reduction in domestic business travel. International travel has leveled off due to the strength of the U.S. dollar, the report notes. To read more, click here.