• Tue, April 22, 2025

by: MarketWatch

Foreign travelers are skipping the U.S. That could cost the economy $90 billion.

Travel and tourism is a huge part of the U.S. services economy, supporting some 9.5 million American jobs.

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Russians are still traveling around Europe despite sanctions. Not everyone's happy about it | CNN

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Current ARM mortgage rates report for April 23, 2025

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Foreign travelers are skipping the U.S. That could cost the economy $90 billion.

Travel and tourism is a huge part of the U.S. services economy, supporting some 9.5 million American jobs.
International travelers are increasingly avoiding the U.S. due to stringent visa requirements, heightened security measures, and negative perceptions of American policies, leading to a significant decline in tourism. This trend is adversely affecting the U.S. economy, particularly in sectors like hospitality, retail, and transportation, which rely heavily on tourist spending. According to the U.S. Travel Association, international visitor spending supports over 1.2 million American jobs, and the decline in tourism could result in substantial job losses. The situation is compounded by a strong U.S. dollar, making travel to the U.S. more expensive for foreigners, and a global shift in travel preferences towards destinations perceived as more welcoming and easier to visit.

Read the Full MarketWatch Article at:
https://www.marketwatch.com/story/international-travelers-are-avoiding-the-u-s-why-american-jobs-will-take-a-hit-b8740757

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