9.5 Million American Jobs at Stake in Tourism Industry as Tourists Stop Coming to the U.S.
I wonder why foreigners no longer want to come to the U.S.? Didn't those German teenage girls who went to Hawaii and were strip searched and thrown in jail enjoy their American experience?
From MarketWatch:
International travelers are avoiding the U.S. Why American jobs will take a hit.
Goldman Sachs forecasts that under a worst-case scenario, reduced visits and canceled purchases of U.S. goods could cost the economy $90 billion
Excerpts:
A few years ago, I read an article about America, as seen through the eyes of others. It mentioned a young Swedish woman. It seemed that she had long dreamed of visiting the U.S. What she really wanted to do, she said, was to land in Los Angeles, rent a convertible and drive up the Pacific Coast Highway with “California Dreamin’” by the Mamas and Papas blaring on the car radio.
I hope she made it.
Fewer foreigners dream of coming to the U.S. today. Lately there’s been a sharp drop-off in the number of global travelers to the United States. The Financial Times places the blame squarely on “political and economic tension and fears of a hostile border under President Donald Trump.”
Europe, Asia and Latin America — the shunning of the United States is widespread. And these places aren’t even America’s biggest source of tourism money. That would be Canada.
Guess what? Canadians are staying away too. In droves. Airline bookings are down by more than 70% for the upcoming crucial summer travel season.
In fact, travel and tourism is a huge part of the services economy, supporting some 9.5 million American jobs. The U.S. Commerce Department’s International Trade Association (ITA), which provided the data, adds that the industry contributed $2.3 trillion to the U.S. economy in 2022. The ITA reports that travel and tourism is the largest single services export for the United States, accounting for 22% of the country’s services exports and 7% of all exports in 2023.
So when Trump insults — even threatens — friends around the globe because of his obsession with one part of the U.S. economy, it hurts other parts.
https://www.marketwatch.com/story/international-travelers-are-avoiding-the-u-s-why-american-jobs-will-take-a-hit-b8740757