The tourism industry in the US is taking a beating due to Donald Trump. According to Foursquare data released on Wednesday, we are down about 16% compared to the same time last year. Foursquare is a location intelligence company which tracks visits to bars, restaurants, hotels, tourist attractions, and other places of interest.
The decline began just before the presidential elections and has been dropping quickly since. Meanwhile, during the same period, tourism in the rest of the world has increased 6%.
Foursquare analysts believe the decline is a result of Trump’s rhetoric, especially anti-immigration sentiments. The decline in tourism from the Middle East and Latin America has been greater than in other areas.
“Proponents of President Trump’s new policies might argue that the President intended to reduce visitors from certain countries, and that the economic cost is outweighed by claimed security needs,” says Jeff Glueck, Foursquare’s CEO. “Critics of the administration may question the effectiveness of these new tactics. Either way, we believe that the direct economic impact of these policies should be in the conversation.”
Foursquare believes hotels will be hit the hardest, which is ironic from a president who inherited a real estate company with a large interest in hotels. The retail industry is also being affected. The retail industry was already facing a grim outlook as analysts were already expecting 8,600 stores to close by the end of the year.
Of course, the US airline industry will also take a large hit. Kayak.com has reported that international air searches to the US are down about 12%. Expedia’s CEO has also warned that Trump’s tone will have an adverse impact on the industry.
Everyone in all of these industries should be paying extra attention to what Trump is doing, as their jobs are likely now on the line.
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