Los Angeles, October 26--The Travel Industry Assn. of America will say in its annual forecast Friday that people will spend $592.6 billion on travel in the U.S. this year, up 6.9% from 2003, according to the Los Angeles Times.
According to the forecast, for the first time since 2000, virtually every segment of the industry is seeing gains.
According to the travel association, 143.7 million work-related trips will be taken this year, up 4% from last year. That will be below 2000 levels, but will represent a healthy gain, said Suzanne Cook, the association's senior vice president of research.
Revenue per available room is up 7.5% through the first nine months of this year nationally after having declined in the first nine months of each of the last three years, according to the Times story.
