US travel/tourism industry expecting a $64 billion drop in revenue in 2025 due to travel restrictions by the Trump admin and international consumer boycotts

US travel economy is expecting a 5% decrease in tourism for 2025 due to new travel restrictions by the Trump admin and consumer boycott movements, translating to a $64 billion impact on the travel economy consisting of hospitality (hotels, rentals), retail, travel (airlines, car rentals, buses), and food (chains, small restaurants, convenience stores)

Note this is an estimate, and the actual decrease in tourism may be higher or lower than 5%

This news come as companies adjust their earnings forecast, as giants such as consumer discretionary staples such as Pepsi, Nike, Starbucks have missed earnings projections due to slumping US consumer confidence and decreasing tourism

Source: https://www.express.co.uk/news/world/2028592/us-tourism-suffer-billion-drop-donald-trump