- Jul 2, 2003
- 151,465
- 19,551
- Country
- United States
- Gender
- Female
- Faith
- Baptist
- Marital Status
- Married
- Politics
- US-Democrat
The World Travel & Tourism Council said this month it expects the U.S. economy to lose a “staggering” $12.5 billion in spending from international visitors in 2025, a “direct blow to the U.S. economy overall, impacting communities, jobs, and businesses from coast to coast.”
‘Perceptions of the US matter’ for travel
Trump administration “posturing and policy” tied to issues like border security and tariffs on long-standing trade partners have created “sentiment-headwinds” among would-be travelers, Ryan wrote.
Flight bookings to the U.S. between May and July were down 11% year over year as of April, signaling a “weak” outlook that’s likely attributable to travelers looking elsewhere, Ryan wrote. Europe and Canada are notable laggards: air bookings are pacing more than 10% and 33% behind, respectively......
The U.S. Travel Association projects the U.S. will lose $21 billion in travel-related revenue in 2025 if current trends continue. Each 1% drop in spending from international visitors translates to $1.8 billion in lost revenue per year for the U.S. economy, according to the trade group.
This will affect airlines, hotels, restaurants, tourist sites and more. ''Is this 'winning'?