Oct 7, 2022
Join Adam Sacks, President of Tourism Economics, for a webinar on Wednesday, October 19 as he answers the question "Will a US Recession Derail the Travel Recovery?" Oxford Economics expects the US to enter a recession in the first half of 2023. This is an ominous prospect as travel spending falls by roughly twice the rate of the economy in a typical recession. However, the market for travel is uniquely well-positioned to weather a downturn given the state of household finances, traveler sentiment, and the business travel recovery cycle. Adam Sacks will share the firm's latest views on the hurdles, risks, and opportunities facing the travel sector over the coming year.
Oxford Economics expects the US to enter a recession in the first half of 2023. This is an ominous prospect as travel spending falls by roughly twice the rate of the economy in a typical recession. However, the market for travel is uniquely well-positioned to weather a downturn given the state of household finances, traveler sentiment, and the business travel recovery cycle. Adam Sacks, President of Tourism Economics, will share the firm's latest views on the hurdles, risks, and opportunities facing the travel sector over the coming year.