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US Tourism Slump Threatens $29 Billion in Lost Revenue

Ongoing tariffs coupled with immigration restrictions are forcing the tourism sector into its first revenue downturn among peer nations.

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Overview

  • Official data show inbound arrivals to the US fell by more than 5 percent year-on-year in May.
  • The World Travel and Tourism Council reports the US is the only country among 184 monitored experiencing a decline in international tourism revenue.
  • Forbes and WTTC projections attribute up to $29 billion in lost spending to travelers shifting their vacation dollars elsewhere.
  • Sweeping tariffs paused only until July 9, travel bans and immigration crackdowns are cited as primary deterrents to visits.
  • Local operators such as Washington DC tour guides report business drops of up to 85 percent while Canadian and Western European visits are projected to fall by 20.2 percent and 4.9 percent respectively.