US Travel Coalition reports gains in domestic business and leisure travel in Jun-2018

    US Travel Coalition announced (07-Aug-2018) overall travel volume grew at a faster year-on-year rate in Jun-2018 compared to May-2018, due to “solid gains” in domestic business and leisure travel. International inbound travel slowed month-on-month but “remained positive” on a year-on-year basis. The domestic leisure segment slightly outpaced the business segment in Jun-2018, with domestic travel anticipated to grow an average of 2.6% year-on-year until Dec-2018, supported by stronger consumer outlays and solid business investment. The coalition anticipates rising oil prices and trade uncertainty may present possible challenges to consumers and businesses. International inbound travel is expected to continue to grow at a moderate pace of 2.2% until the end of 2018, although “caution remains as negative perceptions of President Trump’s rhetoric and policies continue to pose risks to international traveller sentiment’. Mounting trade tensions and higher oil prices also have the “potential to hinder global activity”. [more – original PR]