Tourists look at the sigh bridge in Venice, Italy, on August 25, 2021.
Andrea Maryola | Bloomberg | Getty images
Caroline Smith, accounting director of Verona, New Jersey, and her husband, her two children to Italy for Easter holidays this month. In the Spanish steps in Rome, they ran into another family from their city. Two other families in the same area were also independent visiting Italy at the same time, he said.
Families are part of an emerging trend in the world travel industry of $ 11 billion: Americans travel abroad in mass, while the number of visitors to the United States is fun.
The foreign visitors of the United States by air fell almost 10% in March since the same month of the previous year and almost 13% before the pandemic to 4.54 million people, in accordance with the data of the International Trade Administration, part of the Department of Commerce.
Easter week last year was in March, which caused some vacation to change this year. However, American citizens flying abroad increased 1.6% last March and have increased 22% from 2019 to 6.56 million travelers.
The imbalance could further deepen the gap of more than $ 50 billion between what the United States generates through travel and tourism services and what Americans spend abroad. It is a group for the US travel industry, which brings about $ 1 billion per year. The US Travel Association on January 9 said it expected an increase of more than 12% in international tourism in the United States this year.
Including land border crossings, incoming visitors from the United States fell 14% in March since last year, the industry group said Thursday. He said that if the trend keeps the United States, it could lose $ 21 billion in exports linked to trips. (Travel spending from abroad within the US. UU. It is counted as an export).
A commercial war, again, again, arrests of high profile visits, as well as visa holes and permanent residents, along with the rhetoric of President Donald Trump about the bar on countries such as Canada, and a strong demand for YARPP TRAVELERS of dollars in US dollars.
“We have to make the United States a place they want to go,” American Airlines The CEO Robert Isom said in an interview with “Squawk Box” by CNBC on Thursday. It echoed other travel leaders saying that the visa approval process should be rationalized.
JPMorgan warned that the decrease in the travel spending of foreigners in the United States could subtract around 0.1% of the gross domestic product this year.
“This points to another potential channel to consider when evaluating the effect of tariffs on economic activity,” he said. “The concerns about the arrests of foreign visitors, sometimes by accident, only aggravate this effect.”
“President Trump’s agenda to make the United States rich, safe and beautiful again benefits Americans and international visitors,” said White House spokeswoman Anna Kelly, in a statement sent by email. She said the administration is “leading the effort to show everything that makes the United States great when bringing global sporting events, including the World Cup and Olympic Games, to the United States …”
Samuel Engel, senior vice president of the ICF consulting firm, said that although “there is no doubt that
“Business people have no supply ink against uncertainty,” he said.
United Airlines Last week he said that international passenger reserves that originate in Europe have dropped 6%, while those that originated in Canada have dropped approximately 9% year. Delta airlines He said he was seeing a similar phenomenon.
But the appetite of American consumers for international trips is helping to soften the blow of less international tourists and Waker’s demand for the expected national trips for some companies for some companies, such as United and Delta, which the United States later.
“I traveled in Europe many pre-kids, so I have tried to do the same with the family now that the children are older,” said Smith, 44, who has a 7-year-old boy and an 11-year-old Hogg. “We get used to Spain in 2023 and Portugal in 2024, chosen in part because flights are short, compared to Greece, which is on the list.”
Grace Cular Yee, a travel advisor owner of the Pineapple7 agency at Lansdown, Virginia“ He said that many of his clients are considering more than national trips in part because they have their worth that they want to splash the university’s graduation trips, since their children were largely lost in the celebrations of the high school, the duration of the celebrations.
“This is an important milestone for the whole family,” he said, adding that, although many travelers get ideas from social networks, more Americans are also inspired by television programs, such as the last season of “The White Lotus”, which was established in Thailand. She said she recently planned a trip to France for a graduation trip of the Mother-Draughter high school because the daughter loves the show “Emily in Paris.”
United said that advanced reserves earlier this month are stable and that premium cabins have increased by 17%, while international demand has increased by 5%.
The president of Delta, Glen Hauenstein, is optimistic that the trend will continue and said that cash sales for international trips are ahead of the same point last year.
“As of yesterday, sales that are recording today in cash are very strong for International during the summer until September, October,” he said in the profits of April 9, and added that international sales increased the year.
Many Americans and retirees who work are on the edge of the recent tumult of the market, but rich and older travelers, partly in the expensive front of the plane, are helping to compensate for that.
“Being a Baby Boomer, I can say this without fear of remuneration: there is only a lot of time to go to Europe or almost a long time to see Australia or Japan,” said Hauenstein about the gain call. “So you have this wealth effect in which this retiree cohort is richer than any other cohort only with the most recent summary, and want to do things.”
It is not clear if a setback in consumer spending at the back of the plane or even a certain softness in the growth of corporate trips is a sign that high -end international travel reserves will also weaken. For now, the labor market is still strong.
“Everyone’s life is not full of interruption, but everyone’s life is in a more dim base at this time,” said ICF. “The way in which people handle uncertainty is to retain decisions.”
Correction: Hauenstein spoke the earning call of April 9. An earlier version was destroyed the date.
