Skip to main content

Home/ Travel for freedom/ Group items tagged Bank-of-America-travel-report-2025

Rss Feed Group items tagged

asianhospitality

U.S. Tourism Spending Decline 2025: BofA Reports 6% Airfare Drop - Asian Hospitality - 0 views

  •  
    U.S. TOURISM SPENDING is presently lagging behind 2023 and 2024 levels, which were boosted by strong post-pandemic travel demand, according to Bank of America credit and debit card data. The bank's data showed a decline in lodging, tourism and airline spending. Bank of America's report, "Yellow light for travel: US domestic tourism taps the brakes," found that through March 22, lodging and tourism-related services were down about 2.5 percent from last year, while airline spending dropped roughly 6 percent. Poor weather, a late Easter and weak consumer confidence may be contributing to the slowdown, the report said. However, Bank of America analysts remain cautiously optimistic, noting that softer travel spending may signal a "yellow light" rather than a "red," as households grow more hesitant to plan major trips in the near term.
1 - 1 of 1
Showing 20 items per page