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.
