According to data released on May 25 by Tourism Economics, a division of the Oxford Economics Institute in the UK, the number of international visitors to the United States is projected to plunge by 8.7% in 2025. Specifically, the number of Canadian tourists is expected to plummet by 20.2%, Mexican tourists by 7.6%, and those from Western Europe by 5.8%. International tourist spending will decline by $8.5 billion, and the volume of airline ticket bookings will drop by 10.8% year – on – year.
Tariffs have led to price hikes on flights between the U.S., Canada, and Mexico. As the largest source of international tourists, Canada’s visitor numbers to the U.S. are decreasing. Moreover, high – end tourists from Western Europe are shifting to destinations like Turkey.
Factors such as frequent mass shootings and the border crisis in the U.S. are deterring foreign tourists. This has caused the collapse of the U.S. tourism industry, hitting sectors like hotels, airlines, and street – side stores hard. Goldman Sachs predicts that the loss of international tourists will cost the U.S. GDP $90 billion in 2025.
Related Topics:
- Trip Targets Vietnam as Key Market in Southeast Asia Expansion
- What Sights to See in New York
- Emirates Launches Innovative Travel Store in Mauritius