Travel to or within the U.S. grew 3 percent year over year in July 2018, according to the U.S. Travel Association's Travel Trends Index. July marked the seventh consecutive month of year-over-year growth. "Through the first seven months of 2018, travel is outperforming its rate of growth during the same period last year. The reason for this is an improvement in domestic travel, particularly business travel, which is having its best year since 2010," said USTA SVP of research David Huether. USTA forecasts U.S. travel volume will grow 2.4 percent year over year for the six-month period from August 2018 through January 2019, thanks to a strong economy. International inbound travel grew 1 percent year over year in July, representing a slowdown from June's year-over-year growth, and is projected to increase 1.6 percent for the next six months ending January 2019. However, USTA cautioned that trade tensions and slowing global economic momentum could hinder growth.
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