U.S. tourism slump to cost billions

The United States economy is set to lose billions of dollars in revenue in 2025 from a pullback in foreign tourism and boycotts of U.S. goods, according to data from the International Trade Administration

INTERNATIONAL VISITORS TO THE UNITED STATES (year-over-year change)*
 
% 80 70 60 50 40 30 20 10 0 -10 -20

Asia Mexico Canada Europe Middle East South America

Many potential visitors are rethinking their vacation plans amid increased hostility at the U.S. border, rising geopolitical frictions and global economic uncertainty

$20 billion
Amount U.S. stands to lose in retail spending from international tourists

Mar 2025
Tourist arrivals down 9.7%
      
Jun 2023 Mar 2024 Mar 2025

Worse case scenario: Hit from reduced travel and boycotts could total 0.3% of gross domestic product – amounting to almost $90 billion, Goldman Sachs Group estimates



*Number of non-U.S. citizens arriving by air from each country or region
  


Source: Bloomberg Picture: Getty Images
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