U.S. tourism will lose up to $29,000 million dollars due to the fall of visitors because of Trump’s policies
The US is a significant loser this year as tens of millions of foreign tourists opt to travel elsewhere, losing the economy up to $29 billion and jeopardizing millions of jobs, despite the fact that tourism is flourishing in the rest of the world.
The United States is the only nation expected to see a drop in foreign visitor expenditure in 2025, according to a World Travel & Tourism Council (WTTC) research released last month that examined the economic effects of tourism in 184 nations.
According to the report, the WTTC predicts that the United States would lose $12.5 billion in foreign tourist expenditure this year compared to last year.The United States is the only nation expected to see a drop in foreign visitor expenditure in 2025, according to a World Travel & Tourism Council (WTTC) research released last month that examined the economic effects of tourism in 184 nations.
According to the report, the WTTC predicts that the United States would lose $12.5 billion in foreign tourist expenditure this year compared to last year.
A 9% increase would have equated to an increase of about $16.3 billion in revenue for the U.S. economy.
Instead, Tourism Economics has revised its baseline forecast to a year-over-year decline of 8.2%, a significant 17.2% change from its original 9% increase.
From an anticipated $16.3 billion increase in revenue to a loss of between $8.3 billion (Tourism Economics estimate) and $12.5 billion (WTTC estimate), the U.S. faces a shortfall of between $25 billion and $29 billion this year.A 9% increase would have equated to an increase of about $16.3 billion in revenue for the U.S. economy.
Instead, Tourism Economics has revised its baseline forecast to a year-over-year decline of 8.2%, a significant 17.2% change from its original 9% increase.
From an anticipated $16.3 billion increase in revenue to a loss of between $8.3 billion (Tourism Economics estimate) and $12.5 billion (WTTC estimate), the U.S. faces a shortfall of between $25 billion and $29 billion this year.
