Foreign travel to the U.S. is slated to tumble over the next six months, according to the latest data from the U.S. Travel Association.
What’s happening: The USTA’s three-month Leading Travel Index (LTI) projects international inbound travel will fall by 6% year-over-year, “as the coronavirus outbreak continues to roil the global economy,” the agency said in a release Tuesday.
- “The latest Travel Trends Index (TTI) captures data from January, when awareness of coronavirus began to ramp up and China — one of the biggest travel markets to the U.S. — implemented aggressive measures to curb travel out of certain cities.”
Why it matters:
The predicted drop of 6% over the three-month period is the sharpest in the five-year history of the TTI, and would be the largest decline in international inbound travel since the 2007-2008 financial crisis.