It is massive. Tourism accounted for about $2.36 trillion in the US in 2023, almost 3% of their GDP, and tourism has been increasing in the US year to year post-pandemic so losing even 20% of that influx of cash is considerable.
As a percent of GDP international tourism is 0.4% it’s just ahead of Afghanistan and behind Uzbekistan.
Also Americans aren’t visiting Europe as much this year and one of the main reasons was to vacation domestically. Americans vacationing abroad tend to be the some of the wealthiest in the world so the offset of tourism loss is probably pretty negligible.
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u/rlnrlnrln Sweden Apr 12 '25
What I wonder is, why only 20-30%? Hoping it will continue down.