travel economic impacts
According to the National Travel and Tourism Office, there was a four percent decline in the number of international visitors to the U.S. during the first six months of 2017 compared to the first six months of 2016.
And according to a recent International Trade Report released by the Commerce Department, spending by international travelers to the U.S. decreased by 3.3 percent through November 2017 compared to November 2016. Total spending by international travelers to the U.S. came to $246 billion, according to figures from the U.S. Travel Association (USTA), a trade group representing travel industry members.
That 3.3 percent decrease translates to a $4.6 billion loss to the U.S. economy as well as 40,000 jobs in tourism-related industries (hotels, restaurants, transportation, stores, tour operators, travel agencies, etc.)
But the ripple effects… Continue reading