Market Report, "United States Tourism Report Q1 2016", published

From: Fast Market Research, Inc.
Published: Mon Nov 09 2015

With the US economy forecast to grow by 2. 5 % in 2015, we are anticipating an uptick in tourism arrivals, which will grow by 2.4%. We expect this to contribute to steady growth in the accommodation sector, with investment in the sector growing by a higher rate than arrivals.

The US tourism market is well-established, benefiting from the country's broad variety of attractions, ranging from city breaks, to beaches, to adventure holidays. There is a large domestic tourism market which helps to protect the industry from fluctuations in international arrivals. That said, the US is a hugely popular international destination, with arrivals rising from both Latin America and Europe, while Asia-Pacific tourists are also increasingly visiting the country. Although it is one of the more expensive global destinations, the US offers excellent facilities, with a variety of tiered hotel offerings and good infrastructure underpinning its geographical attractions.

Full Report Details at

We have a positive short-term outlook on the US tourist industry, and are forecasting arrivals to grow by 2.4% to 62.8mn in 2015. This is being led largely by a growth in arrivals from Canada and Latin America, particularly Mexico, as the Mexican economy continues to pick up pace. However, European arrivals will grow by only 0.5% in 2015 and risks are to the downside, given uncertainty over Greece's position in the eurozone and the resulting euro weakness. Should this situation worsen, arrivals could decline yet further.

In the medium term, we expect arrivals growth to continue strengthening, peaking at 3.4% growth in 2019. We attribute this to improving economic growth in key source markets, especially Latin America, and a recovery in Europe by 2019. This positive outlook will continue to drive investment in the industry and we note that industry value will grow at a higher rate than arrivals over the forecast period, reaching USD605.99bn by 2019.

Key BMI Forecasts

The United States Tourism Report has been researched at source and features BMI Research's independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's United States Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the American tourism industry.

Key Benefits

* Benchmark BMI's independent tourism industry forecasts for United States to test other views - a key input for successful budgetary and planning in the American tourism market.
* Target business opportunities and risks in the American tourism sector

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