Overview

• On August 13, Sebastian Ebel reported that European bookings to the U.S. have fallen sharply in the context of heightened trade tensions with Europe and tougher U.S. entry measures.
• He said customers are redirecting holiday plans to Canada, Africa and Asia instead of traveling to the United States.
• Industry data show travel from Canada and Mexico is down about 20 percent year-on-year, contributing to forecasts of multibillion-dollar revenue losses for U.S. tourism.
• Reports of proposed visa bonds up to $15,000, a $250 visa integrity fee and high-profile detentions of foreigners with valid visas are cited as key deterrents.
• TUI said the decline has limited impact on its results because U.S. travel represents a small share of its portfolio and strong hotel and cruise demand drove quarterly profits of €321 million.