United States Tourism Report Q2 2016
BMI View: Tourist arrivals will grow by 2.6% in 2016, with growth set to continue to 2020 as a result ofgrowing arrivals from markets such as Latin America, and a robust domestic tourism market. This will havepositive implications for the accommodation sector, with major hotel groups continuing to expand theirpresence in the country.
Key Updates And Forecasts
We have raised our forecast for arrivals from Europe in 2016, which is now set to grow by 1.55% to18.1mn. We also expect growth to continue throughout the forecast period, which will have positiveimplications for tourism receipts.
We expect tourism receipts to grow by 1.75% in 2016, to USD227.7bn, with the growth rate picking upover the forecast period in line with arrivals.
Industry value will experience growth of 4.9% in 2016, to USD518.23bn, as investment continues to flowinto the accommodation sector. We expect strong arrivals over the forecast period to maintain thisdevelopment pipeline.
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