Earlier this year, MMGY CEO Clayton Reid predicted a market change within the next 12 to 18 months. New data now indicates it could be farther off.

MMGY's 2019-2020 Portrait of the American Traveler survey, released Wednesday, found that while travelers plan to take slightly fewer trips in 2019 than they did in 2018 (3.2 this year compared to 3.5 last year), they will spend about the same. Survey takers reported they spent $5,038 on travel in 2018. They project they will spend $5,025 in 2019.

Related: Changing priorities are impacting how and why Americans travel