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USA: Leisure travel up, Business travel down for first six months of year

Leisure travel continues to lead the recovery of the travel and tourism industry of the USA<.>, as evidenced by a nearly…

Leisure travel continues to lead the recovery of the travel and tourism industry of the USA<.>, as evidenced by a nearly 2 percent increase in leisure travel volume for the first six months of 2002 over the same period last year, according to new data from the Travel Industry Association of America (TIA<.>). With the economy recovering slower than expected, business travel is faring far worse, dropping nearly 9 percent for January-June 2002, continuing a three-year decline in business travel volume.



TIA`s data also confirms that consumers are driving more when taking a vacation this year. Auto travel, which is primarily for leisure, increased more than 3 percent for the first half of 2002, compared to the first half of 2001. Air travel continues to be depressed, seeing over a 10 percent decline during January-June 2002 compared to the same timeframe last year.



While final data on the 2002 summer travel season is not yet available, every indication points to a relatively strong season for leisure travel. In fact, leisure travel volume for June 2002 was up nearly 4.5 percent compared to June 2001.



Based on the strength of these new numbers, we have every reason to believe that the summer travel season was on-par with our earlier predictions in May of a 2 percent increase in summer travel volume, remarked Dr. Suzanne Cook, senior vice president of research for the Travel Industry Association of America. However, travelers are continuing to spend less money on travel, as concerns about personal finances have consumers taking more economical vacations.



TIA will announce its revised annual travel forecast for this year and 2003 at the TIA Marketing Outlook Forum in Hollywood, Florida from October 9-12, 2002.

Theodore Koumelis
Co-Founder & Managing Director - Travel Media Applications | Website

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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