About this report
The travel industry has been challenged by a variety of negative drivers in the new millennium, including slowed economic growth and dramatically heightened concerns about security, war, terrorism, and disease. Between 2000 and 2003, domestic business travel fell by 15%, airline travel by 14%, and international travel to the U.S. was down by 21%. Since 2003, however, virtually all sectors of the travel industry have experienced growth.
In order to explore the issues faced by travel suppliers, this report focuses almost entirely on the consumer, addressing the attitudes of different consumer demographics on topics such as travel preferences and planning; foreign and domestic travel; rental cars; lodging; and air travel. Because this time is a precarious one for the travel industry, it is especially important for supplies to understand the changing behavior of leisure travelers. With the information and analysis in this report, suppliers will be prepared to make sound business judgements in a rapidly evolving market.
This report covers personal travel and vacations, including visits to friends and relatives, tourism, entertainment, and outdoor-oriented trips. For the most part, business travel is excluded from this report (covered separately in Mintels U.S. Business Travel report, November 2005). However, some indicators of travel trends include both business and leisure travel.
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