U.S. travel and tourism industry is in sharp decline

[rcjordan]

"The U.S. had posted a trade surplus in travel every year this century.

Until this year.

A drop in foreign visitors to the U.S. caused the real value of exports of travel services to fall at a 7.8% annual rate in the first quarter, according to the GDP report released Wednesday. The U.S. Travel Association says the United States is now running an annual travel trade deficit of $50 billion, compared with a $3.5 billion surplus in 2022."


https://qz.com/us-travel-tourism-revenue-airlines-tariffs-trade-ice-1851778550