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US TRAVEL HEADER UTILITY MENU

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REIGNITE IN-PERSON MEETINGS AND EVENTS

It’s time to get back to business.


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A return to a thriving travel industry—and American economy—is dependent on the
full return of business travel, meetings and events.

Business travel, meetings and events produce significant economic contributions
to destinations and host communities around the country in the form of travel
spending, job creation and tax revenue.

Why it matters: In the past, despite making up 20% of total trip volume,
business travelers accounted for 40-60% of lodging and air revenue—underscoring
the essential role of this critical segment to the travel industry and our
economy.

 * In 2023, total business travel generated $294 billion in travel spending,
   marking an 81% recovery from 2019 levels.

Transient business travelers generated $175 billion in spending in 2023. While
transient business recovered to 83% of 2019 levels in 2023, growth has slowed as
companies maintain cost constraints.

Group travel, while initially declining more than transient business travel has
made significant progress and is projected to grow faster than transient travel
through 2024 as a result of the desire for face-to-face interactions. In 2023,
group travel generated nearly $120 billion in spending, recovering to 79% of
2019 levels.

 * Barriers to business travel: While cost constraints remain the top barrier to
   business travel, travel hassles are having an increasingly negative impact
   while cost concerns fall.

Some good news: Following months of persistent advocacy from the U.S. travel
industry, Congress has passed funding for the office of the Assistant Secretary
of Commerce for Travel and Tourism—a presidentially appointed, U.S.
Senate-confirmed position that will work to increase international business
travel by facilitating large conventions, sporting events and meetings held in
the U.S. Funding this position is a step in ensuring the long-term global
competitiveness of the United States.

To accelerate our industry’s full recovery, businesses must get back to business
in-person.

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Business travel and professional meetings and events are critical to the full
recovery of not only travel, but also the U.S. economy. For current metrics on
business travel and more, see The Latest Travel Monthly Data Report and our
quarterly consumer insights including the quarterly Business Travel Tracker in
collaboration with JD Power and Tourism Economics.

SHOW LESS SHOW MORE

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RECOMMENDATIONS


NOMINATE AND CONFIRM THE ASSISTANT SECRETARY OF COMMERCE FOR TRAVEL & TOURISM




ESTABLISH A FORMAL AND PERMANENT PROCESS TO EFFICIENTLY PROVIDE VISITOR VISAS
FOR ATTENDEES OF LARGE INTERNATIONAL EVENTS HELD IN THE U.S.



KEY RESOURCES

FACT SHEET | The Economic Impact of In-Person Meetings FACT SHEET | The Business
Value of In-Person Meetings

KEY RESOURCE LINKS

2024 Policy & Advocacy Priorities Meetings Mean Business Coalition Global
Meetings Industry Day (GMID) The Latest Travel Data

--------------------------------------------------------------------------------

CONTACT US

U.S. Travel Association

For more information about this Issue, please contact us at:

202.408.8422

@ustravel

--------------------------------------------------------------------------------

Getting Back to Business


THE MID-POINT TO 2019 LEVELS

Follow US Travel on Facebook Follow US Travel on Twitter Full Report ›


RESEARCH, NEWS AND COMMENTARY ON REIGNITE IN-PERSON MEETINGS AND EVENTS

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THE ITINERARY U.S. Travel's Commission on Seamless & Secure Travel Visits London

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THE ITINERARY New Economic Forecast Highlights Growth of International Visits to
U.S.

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THE ITINERARY Highlights from the Weekend at U.S. Travel’s IPW 2024

THE ITINERARY May 01, 2024


A CONVERSATION WITH TSA ON BIOMETRIC SCREENING TECHNOLOGY

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In April, TSA Deputy Administrator Holly Canevari joined U.S. Travel EVP of
Public Affairs and Policy, Tori Barnes at Hartsfield-Jackson Atlanta
International Airport for a conversation on TSA’s...

FORECAST January 17, 2024


TRAVEL FORECAST

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The latest forecast shows that international inbound and domestic business
travel are still far from a full recovery. Although international travel to the
U.S. is increasing, it remains below pre-pandemic levels. Business travel is
expected to grow in 2024 but at a slower pace. Domestic leisure growth slowed
due to reduced consumer spending amid higher borrowing costs, tighter credit
conditions and the restart of student loan repayments.

THE ITINERARY October 20, 2023


BUSINESS TRAVEL ACCELERATING

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Despite ending 2022 still 29% below 2019 levels, transient and group business
travel have made considerable progress this year. With the traditional summer
vacation behind us and leisure travel demand...

THE ITINERARY October 06, 2023


Q3 INSIGHTS REVEAL HOLIDAY TRAVEL EXPECTATIONS AND THE ECONOMIC COST OF NOT
ADDRESSING TRAVELER PAIN POINTS

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Each quarter, we continue to dig deeper into the traveler experience and
identify barriers and points of friction that keep travelers at home or
traveling less frequently based on a quarterly consumer...

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