Data from the World Travel & Tourism Council (WTTC) shows U.S. visitor spending is expected to fall below US$169 billion this year. That’s a seven per cent decline year over year, and a 22 per cent decline since tourism spending from visitors hit an all-time high in 2019. (Bloomberg)
Talking points: Of the 184 economies analyzed by the WTTC and Oxford Economics, the U.S. is the only country anticipated to lose tourism revenue. A decline in travel from Canada has played a part. Canadian-resident return trips by air from the U.S. into Canada fell 19.9 per cent year over year in April, according to data Statistics Canada released Monday. Canadian-resident return trips by automobile fell even more, down 35.2 per cent year over year in April, at 1.2 million trips for the month. Meanwhile, arrivals into Canada were down as well, with arrivals by road from U.S. residents down 10.7 per cent year over year.