The decline in U.S. tourism due to geopolitical tensions and policy changes may negatively impact the country's economy.
Economic Loss Projections for the U.S.
The U.S. economy is expected to lose billions as foreign tourism declines and boycotts increase. Goldman Sachs estimates that losses in 2025 could total 0.3% of GDP, around $90 million.
Situation with Canadian Tourists
The number of Canadian tourists planning trips to the U.S. is decreasing amid heightened tensions at the border and political decisions. For example, videographer Curtis Allen canceled his U.S. trip due to tariffs, stating they would spend their money elsewhere. Omar Sharif, president of Inflation Insights, noted, "Given what we know about how much Canadian travel has fallen off, that’s potentially a bit worrying for that region."
Strategies to Attract International Travelers
Despite the challenging conditions, Travel Oregon is making efforts to attract foreign tourists. CEO Todd Davidson stated their team is adapting their strategy should the trend persist, actively discussing initiatives to attract tourists from the UK, India, and Brazil.
The situation in the U.S. tourism sector raises serious concerns, as declining tourist flow may have a lasting impact on the economy and service sector.
