The U.S. travel industry is facing significant financial setbacks as Canadian travelers reconsider and cancel their trips to the United States. A new report from the U.S. Travel Association (USTA) reveals that a 10% drop in Canadian visitors could lead to a loss of $2.1 billion in U.S. spending. The situation is expected to cause widespread job losses, particularly in the retail and hospitality sectors.
Canada is the largest source of international visitors to the U.S., with 20.4 million visits expected in 2024, contributing $20.5 billion to the U.S. economy. Popular destinations for Canadian tourists include Florida, California, Nevada, New York, and Texas.
According to Canada’s largest travel agency, Flight Centre, there has been a sharp rise in cancellations of U.S. vacations. In interviews with Forbes, Flight Centre officials reported that many customers are choosing to rebook their trips to other destinations, including high-end, milestone experiences worth over $10,000 CAD.
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