Research Dashboard

2024 Economic Impact of Travel

Travel Indicators Summary

Several key macroeconomic indicators for October were unavailable due to the federal government shutdown. Consumer confidence, however, continued to decline, reflecting growing concerns about the economy heading into the holidays.
Traveler sentiment held steady in October, though concerns about travel costs and personal finances rose slightly. International leisure travel continues to pose strong competition to domestic travel.
Shifting Jewish holiday and convention dates made year-over-year comparisons for September and October challenging, with the federal shutdown adding pressure. Despite this, October was positive: demand was flat, revenue rose 4% on strong ADRs from Dreamforce, and RevPAR grew 4%, ending a four-month decline.
Nonstop international airlift from California’s priority markets fell nearly 2% year-over-year. Arrivals at state ports dropped 9% in October, the sixth consecutive monthly decline. Canadian arrivals were down 23%, but the drop has moderated since August (-38%), suggesting the low point may have passed.

Source: Visit California and third-party data sets