Expect Solid Year of Growth for Travel in 2019: New Skift Research
Skift Research
By: Rebecca Stone and Seth Borko
January 2, 2019
All things considered, 2018 has turned out to be a very healthy year of growth for travel in both advanced economies and emerging and developing markets.
As people begin to start thinking about 2019, our latest Skift Research report, Skift Global Travel Economy Outlook 2019, provides a look-back on 2018 as well as details our 2019 economic expectations for the U.S. and globally. We provide our global travel outlook which offers forecasts for growth in tourism, international arrivals, and business travel as well as our expectations for key sectors within travel including hotels, airlines, online travel agencies, and cruise.
In the excerpt below, we offer our expectations for 2019 global economic growth as well as our forecast for international arrivals.
Overall, we expect 2019 to be another strong year of economic growth, with a few different puts and takes, which should translate well for travel. Given that we are 10 years into this economic expansion, it’s possible some may begin to ask, “Have we reached the top?” In our view, recessions are not caused by the age of the economic cycle alone and so as long as key indicators remain positive and a negative shock to the global economic system doesn’t occur, we should be in for another solid year of growth.
