The American economy faces billions of dollars in losses with foreign tourists remaining far away
The American economy is expected to lose billions of dollars in revenue this year from a defect in foreign tourism and American products provinces. Goldman Sachs Group Inc. The intention in 2025 of the decrease in travel and provinces can reach 0.3 % of GDP, with a total of about 90 million dollars.
Data from the International Trade Department Show The number of non -citizens who entered the United States by plane decreased by almost 10 % in March compared to the previous year. The report also indicated that foreign tourism was a blow to the United States recently after the restrictions of the era of the epidemic sparked the return of international travel.
The United States travels amid geopolitical frictions
The American economy is scheduled to lose billions with foreign tourists remain far away pic.twitter.com/wopy5oihwg
Ray Wang (@rwang07) April 15, 2025
Possible visitors now think about traveling to the United States amid increased hostility to the borders, high geopolitical frictions, and global economic uncertainty. Cortis Allen, a Canadian video photographer, canceled an upcoming American leave after President Trump imposed a tariff on his home country, and suggested that the 51st American state become. Allen said, “We are not only at home; we will go to spending the same money elsewhere.”
“Given what we know about the amount of Canadian travel, it is possible that it is a little worrying for that region.”
Umar Sharif, head of inflation visions.
According to Eta DataForeign travelers spent about $ 254 billion in the United States in 2024. In early March, the Analysis Company estimated that the country would receive 77 million visitors in 2025.
The data appeared before the news of frustration was issued at American airports, as travelers were excluded from countries such as France and Germany. Canadians, who contribute to the largest number of foreign travelers in the United States, choose to stay in Trump’s position in increasing attacks on the country’s economy and sovereignty.
Bloomberg intelligence analysis open Retailing for international tourists in the United States may be exposed to nearly $ 20 billion. The monthly work statistics office report on the prices of consumer published on April 10 indicated that the early signs of a sharp decline have already appeared as the prices of ambassadors, hotel prices and car rental costs decreased in March.
Sharif also highlighted that the low price of hotel prices was driven by a decrease of approximately 11 % in the northeast in particular, and perhaps the result of fewer Canadians traveling there.
Canada is still flexible despite the challenge of traveling conditions for us
The timing is “Very interesting” For the company, which has just invested $ 25 million in a new building, Mohsen, and attracting the virtual reality before the busy summer season. Keyes added that too “We are waiting for seeing the repercussions.”
A report issued by Oag Worldwide also stated that Canadian aviation reservations to the United States decreased by 70 % until September against the same period last year. US summer reservations also decreased by 25 % among European tourists in Akur hotels. CEO Sebastian Bazin has maintained that the decline can be attributed to border frustration to create a “Bad uproar” And converting tourists into other destinations.
In a report on March 31, economists at Goldman Sachs Joseph Brigz and Meghan Peters said in a report on March 31 that American tariff ads and a more aggressive situation towards historical allies harm global opinions on the state. The duo also believes that the customs tariff will lead to the growth of GDP in the United States to the weak consensus expectations in 2025.
Todd Davidson, CEO of Travel Oregon, Tourism Committee in Oregon, said the company was continuing efforts to attract foreign travelers. Davidson indicated that his team was on a journey to the state at a tourist adventure tour in Vancouver. He also admitted that his team will host sales and marketing partners from the United Kingdom, India and Brazil in the coming weeks.
A senior executive official confirmed to the company that his team was also considering whether the committee would need to amend its strategy more towards local visitors with the development of the situation. He added, “Oregon is not and will not take the attention of these international markets.”
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