7 key takeaways from the latest U.S. travel market research
- July 2023
- Phocuswright Research
Remarkably, in 2022, U.S. travelers continued to assign greater value to travel when compared to other discretionary expenditures like home improvements, dining/nightlife and electronics.
According to Phocuswright’s latest travel research report U.S. Travel Market Report 2022-2026, the U.S. travel market grew by 51% to $422 billion in 2022, becoming the first major travel market globally to surpass its 2019 size.
Good news continues with research showing that all segments registered double-digit revenue increases in 2022.
Here are 7 takeaways from Phocuswright’s latest research:
U.S. Travel Market Report 2022-2026 and the entire report series features an overview of the U.S. travel market, along with detailed data and analysis of five key segments: airline, hotel & lodging, car rental, cruise and packaged travel. A standalone report dedicated to online travel agencies rounds out the coverage. Collectively, the series provides comprehensive market sizing and projections for the U.S. travel industry from 2019-2026, including analysis of key segments, share and trends, distribution and recovery dynamics by segment, and more.
Also available in the U.S. Travel Market Report 2022-2026 series:
- U.S. Airline Market Report 2022-2026
- U.S. Hotel & Lodging Market Report 2022-2026
- U.S. Online Travel Agency Market Report 2022-2026
- U.S. Cruise Market Report 2022-2026
- U.S. Car Rental Market Report 2022-2026
- U.S. Packaged Travel Market Report 2022-2026
- U.S. Travel Market Data Sheet 2022-2026
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