The US is facing an unprecedented decline in tourism revenue in 2025, standing alone among major global economies in this downturn largely due to the impact of the America First policy.
There’s multiple reports over multiple weeks showing declines of 15-25% in automobile crossings at the Canada/USA borders. Some flights have reduced frequency as well.
There’s multiple reports over multiple weeks showing declines of 15-25% in automobile crossings at the Canada/USA borders. Some flights have reduced frequency as well.
E.g
https://www.ctvnews.ca/canada/article/land-border-crossings-into-the-united-states-down-by-hundreds-of-thousands-data-shows/
https://www.ctvnews.ca/business/article/these-airlines-paused-or-cancelled-canada-us-flights-in-the-wake-of-the-trade-war/
Now, I can’t speak to losses, and this is only from Canada, but it’s not nothing either.
Data from our may long weekend last week will probably be out soon as well.
Interesting, looks up we are up from February. The more meaningful data will come over the summer months. Worth watching.