Aug 7th, 2015- Mumbai, India: Bharatbook.com announces a report on “Travel and Tourism in US to 2019”. The report brings together of this research, modeling, and analysis expertise in order to develop uniquely detailed market data.
Summary
Travel and Tourism in US (https://www.bharatbook.com/travel-tourism-market-research-reports-451847/travel-tourism-us2.html) to 2019 provides detailed information on the US tourism sector, analyzing market data and providing insights. This report provides a better understanding of tourism flows, tourist expenditure, and the airline, hotel, car rental, and travel intermediaries industries. The report brings together of this research, modeling, and analysis expertise in order to develop uniquely detailed market data. This allows domestic and foreign companies to identify the market dynamics and discover which segments will see growth in the coming years.
Key Findings
• The number of domestic trips totaled 2.1 billion in 2014 and is projected to reach 2.3 billion by 2019. The average length of domestic trips increased from 3.3 nights in 2009 to 3.7 nights in 2014. On the other hand, inbound tourist expenditure increased from US$120.1 billion in 2009 to US$189.4 billion in 2014, at a CAGR of 8.61%. The growth can be attributed to the international campaigns such as Brand USA and promotional initiatives undertaken by the US in other countries such as Germany and Canada.
• International arrivals reached 74.7 million in 2014, increasing at a CAGR of 5.75% during the historic period (2009-2014) and are likely to reach 92 million by 2019, growing at a CAGR of 4.25% over the forecast period (2015-2019). Outbound trips reached 68.3 million in 2014, growing at a CAGR of 3.18% during the historic period.
• With the presence of Wall Street, the leading financial hub, New York City (NYC) is considered to be one of the best places in the world to do business. People travelling to NYC for the purpose of meetings and conventions have...