U.S. Online Travel Growth Continues To Outpace The Overall Market
The U.S. travel market is projected to grow a healthy 5% in 2018, benefiting from positive economic performance, particularly in the first three quarters of the year. According to new travel research from Phocuswright, annual gains are expected to remain steady in 2019, before declining slowly through 2022. By then, total gross bookings will have increased to $441 billion. Despite ongoing political turmoil and a contentious midterm election, consumer confidence and spending remained high.