Travel to and within the U.S. grew 3.6 percent year-over-year in April, according to the U.S. Travel Association's latest Travel Trends Index.
Though the raw numbers are in positive territory, the U.S. continues to trail other global travel heavyweights in capturing share of the booming international travel market.
The most noteworthy component of the April TTI was domestic business travel, which grew for a fourth consecutive month—the first four-month win streak for that segment since January-April 2015. Forward-looking bookings and searches for business travel appear to be on an upswing as well, leading to a strong business Leading Travel Index (LTI)—the forecasting portion of TTI.
"While travel overall is relatively healthy, particularly domestic business travel, the U.S. travel industry continues to register concern over a declining share of the global travel market," said U.S. Travel Senior Vice President for Research David Huether. "Business confidence was soft earlier in the economic recovery, but now we're seeing a resurgence that is attributable in part to the recent tax cuts and a more favorable regulatory environment."
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