Packing your Bags? June marks the start of summer and the peak season for travel. The U.S. travel and tourism industry generates $1.9 trillion in economic output; supports 9.5 million American jobs and accounts for 2.9% of U.S. GDP. With travel restrictions easing, the industry looked for a strong rebound this summer. But 40 year high inflation rates and uncertainties about health and safety have many changing their vacation plans. The MSMI Intelligencer looks at whether travelers will be taking to the skies, the open road or enjoying a staycation this season.
June 2022 - Vol 2. Issue 6
June 2022 - Vol 2. Issue 6
June 2022 - Vol 2. Issue 6
Packing your Bags? June marks the start of summer and the peak season for travel. The U.S. travel and tourism industry generates $1.9 trillion in economic output; supports 9.5 million American jobs and accounts for 2.9% of U.S. GDP. With travel restrictions easing, the industry looked for a strong rebound this summer. But 40 year high inflation rates and uncertainties about health and safety have many changing their vacation plans. The MSMI Intelligencer looks at whether travelers will be taking to the skies, the open road or enjoying a staycation this season.