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re: "The Trump Slump" : Devastating drop in tourism to the United States
Posted on 2/23/17 at 8:28 pm to FreddieMac
Posted on 2/23/17 at 8:28 pm to FreddieMac
quote:
How is this a bad thing?
Posted on 2/23/17 at 8:37 pm to Old Hellen Yeller
How about so facts from a guy on the ground...I spent the winter on South Padre Island and the weak Mexican peso has had a big impact down there....and it's not only the the normal tourism from south of the border, but also even Walmart sales were way down for Xmas...I spoke with the store manager...worst year he could remember in Port Isabel...now I have moved on to my favorite beach in the US, Destin Florida...there are fewer RVs than usual, but there are some European tourists on the beach, but people are just not spending as much as in years gone by...the strong dollar has had some affect on foreigners, especially middle class Mexicans who really like visiting the US...but the peso was cut in half and so their buying power was crushed...
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