A mix of things including a strong dollar, several trade wars, and countries issuing warnings about travel to the US because of mass shootings is expected to cause an ongoing dip in tourism to the US for the foreseeable future. By 2022 it is projected that 41 million less tourists will visit the US, so if you come from a place with a strong currency and want to see some of the attractions in the US without the crowds then the next few years might be the best time to visit.
The steep decline in the U.S. share of the overseas travel market is set to continue until at least 2022 as trade tensions and a strong dollar chill foreign tourism, according to the latest forecast from the U.S. Travel Association.
International visits to the U.S. dipped 0.8% in June from a year ago, the worst performance since April 2016 and the latest development in a longer-term trend. U.S. visits as a portion of total global travel fell to 11.7% last year from a high of 13.7% in 2015, according to the travel group and Oxford Economics. That has resulted in losses to the U.S. economy of 14 million international visitors, $59 billion in traveler spending and 120,000 U.S. jobs.
The U.S. drop in market share is now forecast to slip further to 10.9% by 2022, amounting to another 41 million fewer foreign tourists. Under that scenario, travelers would spend $180 billion less and there would be 266,000 fewer jobs than if the U.S. maintained its market share.
“These 266,000 jobs are American jobs that are directly supported by the travel spending of international visitors in the United States in the travel industry, including: lodging, retail trade, recreation/amusement, food services and transportation,” says Dave Huether, senior vice president of the U.S. Travel Association said in a statement.
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