Tourism and Lifestyle

Travel and Tourism in US to 2019

  • CAN314829
  • 98 Pages
  • July 2015
  • Tourism and Lifestyle
Summary
Travel and Tourism in US to 2019 provides detailed information on the US tourism sector, analyzing market data and providing insights. This report provides a better understanding of tourism flows, tourist expenditure, and the airline, hotel, car rental, and travel intermediaries industries.

The report brings together Canadean's research, modeling, and analysis expertise in order to develop uniquely detailed market data. This allows domestic and foreign companies to identify the market dynamics and discover which segments will see growth in the coming years.

Key Findings
- The number of domestic trips totaled 2.1 billion in 2014 and is projected to reach 2.3 billion by 2019. The average length of domestic trips increased from 3.3 nights in 2009 to 3.7 nights in 2014. On the other hand, inbound tourist expenditure increased from US$120.1 billion in 2009 to US$189.4 billion in 2014, at a CAGR of 8.61%. The growth can be attributed to the international campaigns such as Brand USA and promotional initiatives undertaken by the US in other countries such as Germany and Canada.

- International arrivals reached 74.7 million in 2014, increasing at a CAGR of 5.75% during the historic period (2009-2014) and are likely to reach 92 million by 2019, growing at a CAGR of 4.25% over the forecast period (2015-2019). Outbound trips reached 68.3 million in 2014, growing at a CAGR of 3.18% during the historic period.

- With the presence of Wall Street, the leading financial hub, New York City (NYC) is considered to be one of the best places in the world to do business. People travelling to NYC for the purpose of meetings and conventions have increased from 5.6 million in 2012 to 5.9 million in 2013, with spending up by US$5 billion in 2013 as compared to US$4.7 billion in 2012. Moreover, the construction of a new station (7 Subway Line extended west to 34th Street and Eleventh Avenue), will make the visit of foreign delegates more convenient to attend the events at NYC's Jacob K. Javits Convention Center, which ranks among the top 15 busiest convention centers in the US.

- Though US is considered to be one of the most technologically advanced countries in terms of healthcare, but due to the high costs, healthcare remains out of reach for many people. There were around 44 million Americans who have no health insurance in 2013. This led to outbound medical tourism as Americans search for lower costs compared to the US.

Synopsis
The report provides detailed market analysis, information, and insights, including:

- Historic and forecast tourist volumes covering the entire US Travel and Tourism sector from 2010 to 2019

- Detailed analysis of tourist spending patterns in US for various categories in the Travel and Tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transportation, retail, travel intermediaries, and others

- Detailed market classification across various categories including domestic tourism, inbound tourism, outbound tourism, with analysis using similar metrics

- Detailed analysis of the airline, hotel, car rental, and travel intermediaries industries

Reasons To Buy
- Make strategic business decisions using historic and forecast market data related to the US Travel and Tourism sector

- Understand the demand-side dynamics within the US Travel and Tourism sector, along with key market trends and growth opportunities
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