US's $2.36tn tourism business fears Trump slump' over tariff turmoil
Briefly

The article highlights the struggles of US tourism amid political and economic instabilities tied to Trump's policies, noting an 11.6% decline in international visitors. Citing the 'Trump Slump,' both the Delta Air Lines CEO and tourism authorities share concerns of weakened consumer confidence affecting travel demand. Analysts warn that factors such as tariffs and currency volatility further threaten this $2.36 trillion industry, which particularly impacts destinations reliant on international travelers, like Las Vegas, projected to see a drop in room tax revenue due to reduced Canadian and Mexican visits.
The decline in international tourism to the US can be connected to political and economic instability, as evidenced by a reported 11.6% decrease in overseas visits.
Delta Air Lines indicated they will not expand flying due to disappointing bookings, attributing this slow demand to ongoing uncertainties surrounding Trump's trade policies.
The potential 'Trump Slump' signifies a broader concern in the tourism industry, with Las Vegas also forecasting a reduction in room tax revenue.
Economic factors such as tariffs and currency exchange issues are affecting the $2.36tn US tourism market, highlighting vulnerabilities to political decisions.
Read at www.theguardian.com
[
|
]