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Only 9% decrease? That sounds pretty optimistic.
I’d guess it will be more like 50%. Guess we’ll see.
People book vacations like that well in advance. So there’s a time delay between the bookings and drop. Yesterday I read an article about Dutch travel agencies seeing far less bookings for US holidays. In january they saw a 20 percent drop, but they didn’t have February figures yet.
So by the end of this year, the tourism decrease will likely be much higher.
I mean, it's only been 2 months. 9% drop vs 5% gain is a 14% shift from expected. That's impressive, and Trump administration is just getting started.
What I’m interested in is what this does to the international conference scene. I can’t imagine many of them will be hosted in the US this year, even if the event was already booked.