Domestic Business Travel Slips in October, Says U.S. Travel Association
By Harvey Chipkin
Domestic business travel declined 1.6% in October and underperformed its six-month trend (+0.8%), according to the U.S. Travel Association. The association noted that, historically, business travel declines in advance of leisure heading into an economic slowdown — possibly a worrisome harbinger for the broader economy. The strength of domestic leisure travel (4.4%) offset the struggling business travel segment and kept domestic travel overall in positive territory at 2.6% growth. But the report predicts that the pace of domestic leisure travel’s expansion is unlikely to sustain, with the Leading Travel Index (LTI) projecting leisure travel growth to slow to just 1.6% in the coming six months. On average through April 2020, domestic business travel growth will remain relatively slow at just 1.2% year over year.