United States Tourism Report - Business Monitor International - Industry Reports

United States Tourism Report

United States Tourism Report - Business Monitor International - Industry Reports
United States Tourism Report
Published Aug 27, 2016
30 pages — Published Aug 27, 2016
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Abstract:

The US is regarded as a safe haven tourist market, in that its high level of hotel and transport infrastructure, coupled with its political stability, make it a popular destination even during times of global economic turmoil. As a result, the US experienced positive tourist arrivals growth even during the economic slowdown, and we hold a positive outlook on prospects for tourism market growth. ...In addition, this will help maintain the domestic market, which is a key component of the overall industry. Indeed, we see the growth of the domestic market as underpinning market stability over the long term, as domestic demand has traditionally helped insulate the market from economic fluctuations in key external source markets. The hotel industry is growing steadily in response to the growing value of the market. ...As a result, industry value is continuing to grow; BMI forecasts that it will total USD---.-bn by ----. We see the expansion of these hotel groups into second- and third-tier cities as being a key long-term trend, especially as domestic airport capacity continues to expand.

...Latin America is the leading source region for inbound tourism to the US, helped by its proximity and the large number of Latin Americans living in the US. We expect the growth rate of Latin American arrivals to the US to reach -.- in ----, or --.-mn, the lowest rate of growth since ----. ...Arrivals from Latin America will slow slightly over the forecast period, with growth reaching only -.- in ----, the lowest level of growth in nearly a decade. We believe this slowdown reflects reduced arrivals from South America in particular owing to a combination of economic weakness in Brazil and more diversification in terms of holiday destinations from South American tourists. In contrast, arrivals from Europe are set to average -.- growth each year to ----, to reach --.-mn in that year. ...This reflects the large number of Mexicans living in the US and resulting visits back and forth.

...In ----, we expect tourist arrivals growth to come in at -.- . This reflects the impact of expanding economic growth, with GDP growth forecast to reach -.- in ----. ...

  
Source:
Document ID
2044-5881
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "United States Tourism Report" Aug 27, 2016. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-States-Tourism-Report-2026-1419>
  
APA:
Business Monitor International - Industry Reports. (2016). United States Tourism Report Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-States-Tourism-Report-2026-1419>
  
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