Tourism Source Market Insights: United States of America - Analysis of tourist profiles, traveler flows, spending patterns, main destination markets, and risks and opportunities
GlobalData’s Tourism Source Market Insights: United States of America, provides a thorough insight into the US's domestic and outbound tourism industry. The report shades light into the profiles of US tourists and summarizes the key reasons why Americans travel. The report offers an in-depth analysis of traveler flows, spending patterns, main destination markets and current and future opportunities for tourism businesses seeking to tap into the US outbound travel market.
The USA is one of the top spending nations in the world on international tourism. Total outbound tourist expenditure increased from US$252.4 billion in 2016 to US$269.8 billion in 2017, and it is forecast to total US$345.3 billion in 2022.
However, US travelers spend a proportionately higher amount of their income on domestic trips than international. In particular, whereas 5% of residents’ income was spent on domestic trips, international trips accounted for a much lower proportion of 2%.
US domestic travel is greatly outstripping international travel, with a total of 2.2 billion domestic trips compared to only 87.6 million outbound trips in 2017.
The US is highly connected, as it is home to one of the largest and busiest airports in the world, Hartsfield-Jackson Atlanta International. Its airline industry is also highly advanced, helping domestic and international tourism thrive.
People in the 35-64 age group are the main US holiday takers. However, recent years have seen an increase in the number of US millennials traveling. Travel and tourism companies must design targeted strategies to cater to these tourist groups.
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