International tourism spending in the U.S. is expected to fall by $8.5 billion in 2025, according to CNBC. The spending decline works out to a drop of about 5% relative to last year and is a result of less foot traffic. International arrivals to the U.S. are expected to fall about 9% this year, Aran Ryan, director of industry studies at Tourism Economics, part of Oxford Economics, wrote in a research note last week. Flight bookings to the U.S. are down 11% year over year through July, with Canada and Europe lagging even more sharply. The U.S. Travel Association warns the total impact could reach $21 billion in lost revenue.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02International tourism spending in the U.S. is expected to fall by $8.5 billion in 2025, according to CNBC.
00:09Spending decline works out to a drop of about 5% relative to last year as a result of less foot traffic.
00:14International arrivals to the U.S. are expected to fall about 9% this year.
00:17Aaron Ryan, Director of Industry Studies and Tourism Economics, part of Oxford Economics, wrote in a research show last week,
00:24flight bookings to the U.S. are now 11% year-over-year through July, with Canada and Europe lagging even more sharply.
00:29U.S. Travel Association warns the total impact can reach $21 billion in lost revenue.
00:34For all things money, visit Benzinga.com slash GSTV.