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TIA's Travel Forecast
|
Year |
2001 |
2002 |
2003p |
2004f |
2005f |
2006f |
| Measurement |
Real GDP ($Billions) |
9,890.7 |
10,074.8 |
10,381.3 |
10,840.8 |
11,211.4 |
11,541.1 |
Unemployment Rate (%) |
4.8 |
5.8 |
6.0 |
5.5 |
5.3 |
5.5 |
Consumer Price Index (CPI)* |
177.0 |
179.9 |
184.0 |
188.7 |
192.1 |
194.9 |
Travel Price Index (TPI)* |
196.9 |
196.3 |
201.1 |
209.1 |
214.8 |
219.5 |
Total Travel Expenditures in U.S. ($Billions) |
550.9 |
540.3 |
554.5 |
|
624.1 |
652.9 |
U.S. Residents |
479.0 |
473.6 |
490.0 |
520.9 |
546.9 |
570.4 |
International Visitors** |
71.9 |
66.7 |
64.5 |
71.1 |
77.2 |
82.4 |
Total International Visitors to the U.S. (Millions) |
44.9 |
41.9 |
40.4 |
43.4 |
45.5 |
47.6 |
Total Domestic Person-Trips***
(Millions) |
1,123.1 |
1,127.0 |
1,140.0 |
1,174.5 |
1198.0 |
1,218.4 |
By Purpose of Trip |
Business/Convention/ Seminar Travel |
153.1 |
142.4 |
138.2 |
143.7 |
148.9 |
151.7 |
Leisure Travel |
895.5 |
912.3 |
929.5 |
956.5 |
972.7 |
989.3 |
| |
| Percent Change from Prior Year |
|
Real GDP (%) |
0.3 |
2.4 |
3.0 |
4.4 |
3.4 |
2.9 |
|
Consumer Price Index (CPI%)* |
2.8 |
1.6 |
2.3 |
2.6 |
1.8 |
1.5 |
|
Travel Price Index (TPI%)* |
1.1 |
-0.3 |
2.4 |
4.0 |
2.7 |
2.2 |
|
Total Travel Expenditures in U.S.(%) |
-5.1 |
-1.9 |
2.6 |
6.9 |
5.3 |
4.6 |
U.S. Residents |
-3.9 |
-1.1 |
3.5 |
6.3 |
5.0 |
4.3 |
International Visitors** |
-12.8 |
-7.2 |
-3.3 |
11.2 |
7.6 |
6.8 |
|
Total International Visitors to the U.S. (%) |
-11.9 |
-6.7 |
-3.7 |
7.5 |
4.8 |
4.5 |
|
Total Domestic Person-Trips*** (%) |
2.0 |
0.3 |
1.2 |
3.0 |
2.0 |
1.7 |
By Purpose of Trip |
Business/Convention/Seminar Travel |
-5.2 |
-7.1 |
-2.9 |
4.0 |
3.6 |
1.9 |
Leisure Travel |
3.4 |
1.9 |
1.9 |
2.9 |
1.7 |
1.7 |
|
Sources: TIA's Travel Forecast Model; TIA's Travel Scope®; Bureau of Labor and Statistics, Department of Labor; Bureau of Economic Analysis, Department of Commerce (Real GDP is in chained year 2000 dollars)
* 1982-84 = 100
** Excludes international visitors' spending on traveling to the U.S. on U.S. flag carriers, and other misc. transportation.
*** One person on one trip 50 miles or more, one way, away from home or including one or more nights away from home.
p=preliminary; f=forecast |
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