US travel sector may lose billions as Trump’s tariff policies hit tourism

Quick Summary:

Declining international tourism, fueled by Donald Trump's tariff policies and eroding global sentiment, is a major factor.

The US travel sector is bracing for a significant slowdown in 2025, potentially costing the economy tens of billions of dollars.

Softening domestic spending, driven by recession fears and pressured household budgets, further exacerbates the industry's challenges, impacting airlines, hotels, and overall GDP.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaMonacoUnited States

Topics: Travel industry impact Delta Air Lines forecast Tourism jobs impact International tourism decline Consumer spending behavior Airbnb revenue forecast Donald Trump tariff policies US travel sector slowdown GDP loss from travel US economy contraction

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-03 @ 18:19:16 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 780 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 28331735

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 25 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #28

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