US set to lose 12.5B in International tourism this year.

22% decrease.

“Travel & Tourism contributed $2.6TN to the economy last year and supported more than 20mn jobs. It also contributed more than $585BN in tax revenue annually, accounting for almost 7% of all government income.”


“UK arrivals, one of the U.S.’s most important source markets, down nearly 15% year over year
Germany, another significant source market, plunged more than 28%
South Korea – down almost 15%
Other key markets, such as Spain, Colombia, Ireland, Ecuador, and the Dominican Republic, saw double-digit drops between 24% and 33%

As widely expected, the Canadian market is drying up, with early summer bookings down over 20% compared to last year. This is more than a dip. It’s a wake-up call.”




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