Latest news with #TourismEconomics
The Independent
3 days ago
- The Independent
Almost half of Americans are hesitant to travel abroad. Here's why
A new poll indicates nearly half of Americans are reconsidering international travel due to safety fears, with four in ten expressing hesitation about their next vacation. Key anxieties for American travelers include concerns about personal safety, government policies, perceptions of American tourists, unfamiliarity with destinations, and potential travel delays or cancellations. The U.S. State Department issued a worldwide security alert for U.S. travelers following the escalation of the conflict between Israel and Iran, warning of potential travel disruptions and demonstrations. Conversely, some international tourists are avoiding travel to the U.S., partly due to concerns over border issues and the administration's immigration policies. This trend has resulted in a decline in visitors from countries like Canada, Mexico, the UK, Germany, and South Korea, with Tourism Economics forecasting a 5.1 percent drop in overseas travelers to the U.S. for 2025.
The Independent
20-06-2025
- The Independent
The number one cost concern among UK holidaymakers revealed
A report has found nearly 80 per cent of travellers are worried about the impact that US trade tariffs may have on prices at overseas destinations. The Post Office Travel Money's Holiday Spending Report found that two-thirds (66 per cent) of people are planning a holiday abroad this year, and nearly four-fifths (78 per cent) are worried about the tariff impact on prices abroad. More than half (53 per cent) even plan to avoid destinations where they believe tariffs could affect resort prices. The Post Office, which conducted two surveys of more than 2,000 people in April and May, found that holidaymakers rated Spain, Turkey and Thailand as being the 'best value for money' out of 39 worldwide destinations. Over three-quarters (77 per cent) still said that exchange rates are a big concern for them. More than half (52 per cent) of holidaymakers said they will budget more for their next holiday due to increased costs. Over four-fifths (82 per cent) said that they had set a budget, averaging £377, on their last trip but seven in 10 (71 per cent) admitted blowing their budget by £140 on average. Laura Plunkett, head of travel money at the Post Office, said this year's holiday spending research 'again demonstrates that holidaymakers don't always set a realistic budget and overspend by large amounts as a result'. An earlier report by research firm Tourism Economics found inbound travel to the US was projected to decline by 5.5 per cent this year, instead of growing by nearly nine per cent as had previously been forecast. It suggested a further escalation in tariffs and trade wars could result in further reductions in international tourism, which could amount to a US$18 billion (£13.8 billion) annual reduction in tourist spending in 2025. Research from home-swapping platform Kindred in May revealed travellers are finding new ways to make their money stretch further as living costs continue to rise. About 39 per cent are looking for more cost-effective accommodation, while others are staying with friends or family (30 per cent) and just over a quarter (26 per cent) are opting for staycations.
Tourism Breaking News
19-06-2025
- Business
- Tourism Breaking News
Arabian Travel Market underscores the vital role of Asia Pacific in the future of tourism as international travel is set to reach US$2.5 trillion by 2029
Post Views: 28 According to a recent report compiled by Tourism Economics on behalf of ATM, tourism nights from Asia Pacific and Africa are on track to more than double between 2025 and 2030. The number of tourism nights, specifically from China to the Middle East, is expected to grow by 189% through 2030, and APAC source markets are set to account for the largest share of business nights in the region, with India, in particular, gaining importance. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: 'More than 60% of travellers are booking trips around concerts and sporting events, while over 40% are influenced by digital platforms such as TikTok. Interestingly, film and television are also playing a significant role, evidenced by a rise in bookings to Thailand following the popularity of The White Lotus.' The Asia-Pacific (APAC) region is poised for significant tourism growth, with spending on international travel forecast to hit US$2.5 trillion and domestic travel to reach US$4.3 trillion by 2029, according to the latest data from Euromonitor International. Outbound travel from APAC is projected to grow at a CAGR of 7%, with intra-regional journeys expected to account for 61% of all trips by the end of 2025. By 2029, one in three trips is anticipated to be outside the APAC region, with 75% of bookings set to be made online. The Dubai Economic Agenda, D33, is key to ensuring the emirate's strategic success in APAC markets, with a focus on market segmentation and storytelling. By tailoring messaging for platforms such as the video-sharing website Bilibili and the social networking and e-commerce platform Red Note, and leveraging strong air links through carriers like Emirates and flydubai, Dubai's tourism authorities continue to position the city as a relevant, accessible, and aspirational destination for travellers across Asia. As a newcomer to APAC tourism markets, Saudi Arabia has adopted a highly localised approach, as outlined during the discussion. Recognising the diversity of the region, which comprises 49 distinct countries, tourism authorities in the Kingdom study each source market closely, from dietary preferences to cultural nuances, tailoring travel experiences accordingly. This strategy is supported by partnerships with media, trade, and research bodies to ensure that Saudi Arabia's offerings resonate authentically with travellers across the region. Curtis added: 'Technology is playing an increasingly pivotal role in travel decision-making across the APAC region, with consumers relying heavily on digital tools, social media, and AI. Mobile-first planning is transforming how travellers research and book trips, although the digital landscape varies significantly from country to country. One constant across the region is the importance of trust, particularly in peer-generated content, which continues to influence traveller choices at every stage of the journey.'
Yahoo
12-06-2025
- Business
- Yahoo
Trump's policies disrupt global tourism
The United States is facing a significant decline in international tourism in 2025, with foreign visitor numbers and spending forecast to drop sharply. Analysts link the downturn to a series of policy moves by President Donald Trump, including new travel bans, heightened border scrutiny, and rollbacks on civil rights protections. The World Travel & Tourism Council estimates that these developments could cost the US economy $12.5 billion this year, deepening the trade deficit as inbound tourism is considered an export. According to the US International Trade Administration, foreign air arrivals to the US fell by 2.5% through April compared with the same period last year, with a notable 10% drop in March following the announcement of tariffs targeting Canada, China and Mexico. Canada, the top source of international visitors to the US, has seen a 15% decline in cross-border travel in April alone. Major European airlines have begun reducing flights to key US cities, including New York, Miami, and Las Vegas. Spending by international tourists is projected to decrease by 7% in 2025, marking the first drop since the pandemic recovery began. The World Travel & Tourism Council warns that the US is the only major global destination expected to record a fall in tourism revenue this year, with earnings from foreign visitors falling below $169 billion. The council does not expect US tourism spending to return to pre-Covid-19 levels before 2030. At least 12 countries have issued travel advisories urging caution when visiting the United States. Nations such as Canada, Germany, France, and the UK have warned their citizens about the risk of detention, denial of entry, or the seizure of personal devices. LGBTQ+ travellers have also been cautioned by governments including Ireland and the Netherlands following US policy changes affecting gender recognition. As a result, many tourists are choosing alternative destinations. Tourism Economics reports that global flight bookings to the US from May through July are down 11% compared to 2024. Canadian bookings are off by a third, a drop that could eliminate $6 billion in spending and more than 40,000 US jobs. Countries such as Japan and Vietnam are emerging as winners in the redirected tourism flow, with Japan reporting a record number of monthly visitors. Among the 20 US cities most dependent on international tourism, 18 are forecast to suffer declines in foreign visitor spending. Detroit, Seattle and Tampa are expected to see the sharpest drops, with losses also predicted in cities like Philadelphia and Phoenix. Only Honolulu and New York are forecast to avoid major downturns, though New York officials expect a 17% decrease in overseas tourism compared to 2024. Corporate travel is also under pressure. A survey by the Global Business Travel Association found that nearly one-third of travel managers expect reduced company spending due to recent US government actions. The number of European business travellers entering the US dropped by 18% in April alone. The association has revised its 2025 forecast downward, anticipating a 5% decline in corporate travel expenditure. Meanwhile, fewer Americans are planning trips abroad. Only 18% expect to travel overseas within the next six months, down from 24% in December, according to the Conference Board. Rising economic uncertainty is prompting many to scale back or cancel international holidays in favour of domestic alternatives. With shifting global travel patterns and growing international discontent, analysts suggest the US tourism sector faces a prolonged and uncertain recovery. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "Trump's policies disrupt global tourism" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Trump's policies disrupt global tourism
The United States is facing a significant decline in international tourism in 2025, with foreign visitor numbers and spending forecast to drop sharply. Analysts link the downturn to a series of policy moves by President Donald Trump, including new travel bans, heightened border scrutiny, and rollbacks on civil rights protections. The World Travel & Tourism Council estimates that these developments could cost the US economy $12.5 billion this year, deepening the trade deficit as inbound tourism is considered an export. According to the US International Trade Administration, foreign air arrivals to the US fell by 2.5% through April compared with the same period last year, with a notable 10% drop in March following the announcement of tariffs targeting Canada, China and Mexico. Canada, the top source of international visitors to the US, has seen a 15% decline in cross-border travel in April alone. Major European airlines have begun reducing flights to key US cities, including New York, Miami, and Las Vegas. Spending by international tourists is projected to decrease by 7% in 2025, marking the first drop since the pandemic recovery began. The World Travel & Tourism Council warns that the US is the only major global destination expected to record a fall in tourism revenue this year, with earnings from foreign visitors falling below $169 billion. The council does not expect US tourism spending to return to pre-Covid-19 levels before 2030. At least 12 countries have issued travel advisories urging caution when visiting the United States. Nations such as Canada, Germany, France, and the UK have warned their citizens about the risk of detention, denial of entry, or the seizure of personal devices. LGBTQ+ travellers have also been cautioned by governments including Ireland and the Netherlands following US policy changes affecting gender recognition. As a result, many tourists are choosing alternative destinations. Tourism Economics reports that global flight bookings to the US from May through July are down 11% compared to 2024. Canadian bookings are off by a third, a drop that could eliminate $6 billion in spending and more than 40,000 US jobs. Countries such as Japan and Vietnam are emerging as winners in the redirected tourism flow, with Japan reporting a record number of monthly visitors. Among the 20 US cities most dependent on international tourism, 18 are forecast to suffer declines in foreign visitor spending. Detroit, Seattle and Tampa are expected to see the sharpest drops, with losses also predicted in cities like Philadelphia and Phoenix. Only Honolulu and New York are forecast to avoid major downturns, though New York officials expect a 17% decrease in overseas tourism compared to 2024. Corporate travel is also under pressure. A survey by the Global Business Travel Association found that nearly one-third of travel managers expect reduced company spending due to recent US government actions. The number of European business travellers entering the US dropped by 18% in April alone. The association has revised its 2025 forecast downward, anticipating a 5% decline in corporate travel expenditure. Meanwhile, fewer Americans are planning trips abroad. Only 18% expect to travel overseas within the next six months, down from 24% in December, according to the Conference Board. Rising economic uncertainty is prompting many to scale back or cancel international holidays in favour of domestic alternatives. With shifting global travel patterns and growing international discontent, analysts suggest the US tourism sector faces a prolonged and uncertain recovery. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "Trump's policies disrupt global tourism" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
