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tourism to U.S.

Tour operators are bound to take a hit from drop-off of foreign tourism to the U.S.

Tour operators are bound to take a hit from drop-off of foreign tourism to the U.S.

As reported by travel guru Arthur Frommer and others, the U.S. travel and tourism industry — one of the nation’s largest economic engines, which contributes more than $1.5 trillion to the U.S. GDP  annually — is taking a potentially devastating hit in the wake of the Trump Administration’s attempted crackdown on travel from seven predominately Muslim countries as well as on immigration in general.

The statistics are stark. According to Travel Weekly magazine, a prominent trade publication, there has been a nearly seven percent decline in foreign tourism to the U.S. since late January, when the President issued his controversial (and legally questionable) executive order.

The seven percent drop-off hasn’t been limited to Muslims or to those from the seven named countries — it’s occurred across the board. In one survey,… Continue reading

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According to government and private surveys:

  • Leading-edge baby boomers (born between 1946 and 1955) and seniors account for four out of every five dollars spent on luxury travel today.
  • Roughly half the consumer spending money in the U.S.--more than $2 trillion--is in the hands of leading-edge baby boomers and seniors.
  • Baby boomers (born 1946-1964) travel more than any other age group.
  • When asked what they would most like to spend their money on, baby boomers answered “travel” more than any other category, including improving their health or finances.

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