Summary The combination of an improving US economy, a strong US dollar, and higher GDP growth has created positive spending patterns in travel among US consumers. With GDP growth currently at 2.5% for 2015, and, according to the World Bank, set to increase to 2.8% in 2016, outbound trips will reflect this economic improvement with a 4.4% increase expected in 2016. With such a favorable economic climate, Canadean expects Americans to choose outbound holidays more often, reaching nearly 90 million by 2020. Key Findings - Although Americans are traveling more than ever due to the improving economy, their holiday choices have remained conservative with familiar top destinations of Mexico and Canada continuing to be the most popular choices for the past decade. However, both China and Germany have appeared to increase their appeal to US visitors, most likely as both are significant trading hubs for the US. - Transport accounts for the highest amount of outbound spending among Americans, with over 31% of overall outbound expenditure going on transportation costs. While aviation prices remain... Research Beam Model: Research Beam Product ID: 395608 900 USD New
Source Market Insights: USA
 

Source Market Insights: USA

Source Market Insights: USA

Category : Tourism
February  2016  Pages : 17



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Summary
The combination of an improving US economy, a strong US dollar, and higher GDP growth has created positive spending patterns in travel among US consumers. With GDP growth currently at 2.5% for 2015, and, according to the World Bank, set to increase to 2.8% in 2016, outbound trips will reflect this economic improvement with a 4.4% increase expected in 2016. With such a favorable economic climate, Canadean expects Americans to choose outbound holidays more often, reaching nearly 90 million by 2020.

Key Findings
- Although Americans are traveling more than ever due to the improving economy, their holiday choices have remained conservative with familiar top destinations of Mexico and Canada continuing to be the most popular choices for the past decade. However, both China and Germany have appeared to increase their appeal to US visitors, most likely as both are significant trading hubs for the US.

- Transport accounts for the highest amount of outbound spending among Americans, with over 31% of overall outbound expenditure going on transportation costs. While aviation prices remain high in the US, this has not affected outbound expenditure, which has increased to US$238.9 billion in 2015, an increase of 5.4% on last years figures. 

- With a positive economic outlook, Canadean expects this to reach US$309.4 billion by 2020.

Synopsis
Canadeans report - Source Market Insights: USA” provides detailed information on the American outbound tourism sector, analyzing market data and providing insights. This report provides a better understanding of tourism flows, expenditure, and the airline, hotel, car rental, and travel intermediaries industries.

What else does this report offer?

Detailed market analysis, information, and insights, including: 

- Historic and forecast tourist volumes and values covering Americas outbound tourism sector

- Detailed analysis of tourist spending patterns for various categories in the travel and tourism sector, such as purpose of spending and top source markets.

- Detailed analysis of the market trends in USAs outbound tourism sector.

Reasons To Buy
- Make strategic business decisions using historic and forecast market data related to Americas Outbound Travel and Tourism sector

- Understand the demand-side dynamics within the industry to identify key market trends and growth opportunities

- Direct the promotional efforts on most promising markets by identifying the key source and destination countries

Table Of Contents
Snapshot
Demographic Breakdown/Expenditure by Sector
Outbound Trips by Purpose
Outbound Spending
Mode of Transport
Main Destination Markets
Outbound Tourist Expenditure
Destination Focus; Canada
Destination Focus; China
Destination Focus; Germany
Visa Policies
Market Data

List Of Tables
Table 1 Key Statistics, 2015
Table 2: Outbound trips (in millions)
Table 3: Outbound Tourist Expenditure (in US$ Millions)
Table 4: Popular Destinations in Germany for Americans
Table 5: International departures by region (in 000s), 2011-2020
Table 6: International departures by purpose of visit (in 000s), 2011-2020
Table 7: International departures by country (in 000s), 2011-2020
Table 8: Overnight stays (in thousands), 2011-2020
Table 9: International departures by mode of transport (in 000s), 2011-2020
Table 10: Average length per outbound trip ( number of nights spent), 2011-2020
Table 11: Total outbound tourism expenditure by category (in US$ millions), 2011-2020
Table 12: Average outbound expenditure per resident by category (in US$), 2011-2020

List Of Figures
Figure 1: US Population By Age Group, 2015
Figure 2: Outbound Expenditure by Sector
Figure 3: Outbound trips, by purpose of visit
Figure 4: Consumer price inflations/Unemployment rate
Figure 5: Outbound expenditure
Figure 6: US Passports Issued, 2005-2015
Figure 7: Outbound trips by mode of transport
Figure 8: US Seats Availability by Carrier Type (%)
Figure 9: US Arrivals to Canada
Figure 10: US-Canada, Exchange Rate (%)
Figure 11: US Arrivals to China
Figure 12: US Arrivals to Germany
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