1. A consistent rise in outbound international travel from the U.S., with bookings increasing 1.5x from January 2022 to January 2023.

• Special note – Despite inflation concerns at home, the relatively strong position of the U.S. dollar against currencies like the Euro makes international travel more lucrative. Not surprisingly, most of this travel demand from the U.S. is for European and Asian destinations.

2. A strong U.S. Dollar against international currencies, helping boost international travel for Americans.

• Special note - The proportion of novice travelers among all travelers rose dramatically in January 2023. This points out the fact that leisure travel is back. Young, first timers are ready to fly with more options available to them.

3. The top outbound markets include Japan and India, with the proportion of first-time and novice travelers rising dramatically in January 2023.

• Special note –With international hotel bookings to Japan and India growing to more than 2x in January 2023 compared to January 2022, Americans and the Asian diaspora in the U.S. are keen on traveling to these destinations.

4. A clear shift toward shorter trips, strongly resembling pre-pandemic travel patterns.

• The proportion of novice travelers among all travelers rose dramatically in January 2023. Young, first timers are ready to fly with more options available to them.

5. International leisure family travel reaches the pre-pandemic levels.

• The driver for rising leisure travel demand has been the pent-up demand for immersive experiences and indulgence in new and sustainable ways.

6. Hotel rooms see a healthy increase in average daily rate (ADR). More than a quarter of bookings made are higher than $200 per night.

• This is propelled by 1) the demand for better more, luxurious stays and 2) current inflation levels in the U.S.

There is more information in the report so we encourage you to check it out here. Make sure to review the 10 graphs throughout the report and the view forward on page 12.