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erronis

(19,464 posts)
Thu Mar 20, 2025, 10:56 AM Mar 20

We'll Always Have Las Vegas -- Tom Sullivan

https://digbysblog.net/2025/03/20/well-always-have-las-vegas/

The Art Of Dealing a death blow to a $2.3T industry



Americans may not give a damn about foreigners, but they’ll damn sure take their money. And do each year:

Travel and tourism is the largest single services export for the United States, accounting for 22 percent of the country’s services exports and 7 percent of all exports in 2023. The travel and tourism industry contributed $2.3 trillion to the U.S. economy in 2022 (2.97 percent of the country’s GDP), supporting 9.5 million jobs.

And the industry supports many more indirect jobs, as it does in my tourist town. Western North Carolina tourism got hit by Hurricane Helene and then by Donald Trump.

Before Donald Trump took office again in January, the U.S. Travel Association reported that according to the National Travel and Tourism Office (NTTO), “there were 66.5 million international visits the U.S. in 2023, reflecting 31% annual growth, but still at just 84% of pre-pandemic inbound visitation levels.” International travel to the U.S. was booming:

International visitors are vital to the U.S. economy. Visitors from many countries spend an average of over $4,000 per visit, and collectively contribute $155 billion in U.S. travel spending every year. International visits also help balance the U.S. trade deficit, as travel spending is one of the biggest export services for the United States.

And after a few weeks of Trump’s trade wars and harrowing stories of foreigners being detained and abused at U.S. airports and other points of entry? Well, Charlie Pierce reports at Esquire that Trump 2.0 has “done everything except hang a sign at every port of entry reading, CLOSED: UNDER NEW MANAGEMENT.”

The Washington Post reported over the weekend:

Canadians are skipping trips to Disney World and music festivals. Europeans are eschewing U.S. national parks, and Chinese travelers are vacationing in Australia instead. International travel to the United States is expected to slide by 5 percent this year, contributing to a $64 billion shortfall for the travel industry, according to Tourism Economics. The research firm had originally forecast a 9 percent increase in foreign travel, but revised its estimate late last month to reflect “polarizing Trump Administration policies and rhetoric.”


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We'll Always Have Las Vegas -- Tom Sullivan (Original Post) erronis Mar 20 OP
America is a tiny portion of this world... lame54 Mar 20 #1
There is still a significant amount of money made by the entertainment business - films, streaming, etc. erronis Mar 20 #2

erronis

(19,464 posts)
2. There is still a significant amount of money made by the entertainment business - films, streaming, etc.
Thu Mar 20, 2025, 12:10 PM
Mar 20

Even Faux Newz.

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