US: Strong desire to travel continues
Market volatility in recent days has raised important questions about the health of the global economy, the U.S. economy and the travel industry
The U.S. Bureau of Labor Statistics reported July employment figures showing a slowdown in job creation and an increase in the unemployment rate to 4.3%. Despite these challenges, the travel industry remains resilient, underscoring its critical role in the nation's economic strength and global competitiveness.
Key takeaways
- Demand for domestic leisure travel remains robust, with 92% of Americans planning to travel in the next six months;
- TSA passenger screenings reached record levels, with travel volumes up 5.9% in June and July over last year;
- International travel is steadily recovering, with inbound travel up 18% year-to-date and approaching pre-Cold War levels.
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