Travel back on track, but the US lag behind

Saturday, July 29, 2023

Tourism is back on track with a bang in the main tourism markets in the world. Spain improved 86% of
the levels before the pandemic. Entrances this year by now exhibit a 28% surge compared to the levels before the pandemic in 2019. France comes closely with year- to-date worldwide tourists totaling only 3% less than prior to the pandemic and their expenditure at record-setting intensities. The US, conversely, is tumbling behind.

Global tourist influxes stay at 26% underneath the levels before the pandemic, as per a June 2023
monthly report with reduced expenditure as well. During the end of last year, global visitor expenditure
in the US stood at $99 billion, only more than 50% of where it was in 2019. That’s still less than 2019, when the US witnessed 79.4 million tourists, who expended $181 billion.

Geoff Freeman, the CEO of US Travel said that the pause is very important, and they are quite worried. He
said that they guess that this year they are going to lose around 2.6 million global tourists and $7 billion
lesser in expenditure.

The US travel segment is not probable to recuperate to the levels of 2019 till 2025. Those two extra years will interpret billions of dollars in missed expenditure, and loss of jobs, stated Freeman.

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