The US Travel Association released this week the status and future projections of national and international travel to the US. Dr. Suzanne Cook, Senior Vice President of Research for USTA, stated that domestic meetings and conventions sector will decline 9 percent in traveler demand and drop 11.5 percent in expenditures for 2009. Transient business travel will hold but will suffer steep losses. International inbound travel will also be adversely affected this year, projected to be down nearly 9 percent in volume and 13 percent in expenditures.
According to Dr. Cook, leisure travel will outperform other types of travel but still will suffer a 2.5 percent decline in demand and a 7.5 percent drop in spending – the result not so much of travelers trading out but rather trading down.
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