Domestic U.S. leisure travel has hit its lowest growth point since 2012. This slowdown could indicate reduced domestic consumer spending and global economic headwinds, according to U.S. Travel’s latest report. The report details that a dip in vacation and slower growth in leisure-related, forward-looking travel searches indicates softening through the rest of the year. But even when weaker than usual, domestic leisure is growing faster than U.S. business travel, pushing the industry along with a strong labor market and rising wages. Read more here.
