{"id":15923,"date":"2025-05-30T05:17:34","date_gmt":"2025-05-30T05:17:34","guid":{"rendered":"https:\/\/finderica.com\/?p=15923"},"modified":"2025-05-30T05:17:34","modified_gmt":"2025-05-30T05:17:34","slug":"travel-spending-from-overseas-tourists-may-fall-8-5-billion-in-2025","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=15923","title":{"rendered":"Travel spending from overseas tourists may fall $8.5 billion in 2025"},"content":{"rendered":"
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Spending from foreign visitors to the U.S. is poised to fall by $8.5 billion this year as negative perceptions tied to trade and immigration policy lead overseas tourists to look elsewhere, according to a research note published by Oxford Economics.<\/p>\n

The spending decline, which works out to a drop of about 5% relative to last year, is a result of less foot traffic. International arrivals to the U.S. are expected to fall about 9% this year, Aran Ryan, director of industry studies at Tourism Economics, part of Oxford Economics, wrote in a research note last week.<\/p>\n

Businesses and geographies that rely on foreign tourists for commerce could be especially hard-hit.<\/p>\n

Other estimates suggest the potential economic loss may be even larger.<\/p>\n

The World Travel & Tourism Council said this month it expects<\/a> the U.S. economy to lose a “staggering” $12.5 billion in spending from international visitors in 2025, a “direct blow to the U.S. economy overall, impacting communities, jobs, and businesses from coast to coast.”<\/p>\n<\/div>\n

<\/a>‘Perceptions of the US matter’ for travel<\/h2>\n
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Trump administration “posturing and policy” tied to issues like border security and tariffs on long-standing trade partners have created “sentiment-headwinds” among would-be travelers, Ryan wrote.<\/p>\n

Flight bookings to the U.S. between May and July were down 11% year over year as of April, signaling a “weak” outlook that’s likely attributable to travelers looking elsewhere, Ryan wrote. Europe and Canada are notable laggards: air bookings are pacing more than 10% and 33% behind, respectively.<\/p>\n

“Travelers make choices: where and when to travel, when to book, and how long to stay and importantly, perceptions of the US matter,” Ryan added.<\/p>\n<\/div>\n

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“Whether fair or not, a perception is taking hold that more people are being detained, more devices [are] being searched and legal travelers [are] being deported back to their origin country,” Geoff Freeman, president and CEO of the U.S. Travel Association, told CNBC earlier this month. “That creates a great deal of fear.”<\/p>\n

Heading into 2025, Oxford Economics had expected roughly 9% growth in international arrivals and a 16% boost to their spending.<\/p>\n

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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

South_agency | E+ | Getty Images Spending from foreign visitors to the U.S. is poised to fall by $8.5 billion this year as negative perceptions tied to trade and immigration policy lead overseas tourists to look elsewhere, according to a research note published by Oxford Economics. The spending decline, which works out to a drop<\/p>\n","protected":false},"author":1,"featured_media":15924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[237,944,878,479,4098,1709],"class_list":{"0":"post-15923","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-billion","9":"tag-fall","10":"tag-overseas","11":"tag-spending","12":"tag-tourists","13":"tag-travel"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/15923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15923"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/15923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/15924"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}