In its July 2022 forecast of US travel, the USTA projects that travel will "remain resilient" despite inflation and decline in consumer sentiment (largely related to rising gasoline prices).
Although domestic travel spend already exceeds pre-pandemic levels, it remains $46B below where USTA had predicted it would be in 2022 absent COVID-19.
Domestic business travel is projected to reach 81% of 2019 level in 2022, 96% in 2023. But spend is not expected to recover until 2027 or later.
USTA projects international inbound travel volume and spend to grow rapidly through the rest of 2022, but more slowly in 2023-2026, reaching 2019 level in 2025.
