Foreign Tourism drops 16% YoY thanks to Donald Trump

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vi edit

Elite Member
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Oct 28, 1999
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If you want to see more fun, wait and see if that laptop ban in and out of the US flights go through. Watch the business class travel drop like a rock.

So much Maga....
 
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fskimospy

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Mar 10, 2006
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FIVR said:
I was thinking how is it possible that a Hotelier is somehow so inept at drawing in customers to his own business... but then, how much you want to bet that Trump hotels have been more or less immune to this drop? I guess as long as Trump does well the rest of us should just be thankful they allow any tourists at all.

https://medium.com/foursquare-direct/coming-to-america-528312934221
Click to expand...

Probably depends a lot on the location. Some of his hotels are doing fine I'm sure but Trump's hotel in SoHo is tanking.

http://www.wnyc.org/story/trump-soho-plans-layoffs/
 
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K1052

K1052

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Aug 21, 2003
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vi edit said:
If you want to see more fun, wait and see if that laptop ban in and out of the US flights go through. Watch the business class travel drop like a rock.

So much Maga....
Click to expand...

I know a few people in tech who travel a ton....their companies won't allow them to put their devices in baggage for information security reasons. So either they'll end up relying on a shitload of video conferences or work will start to shift to facilities outside the US that aren't encumbered.
 
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Hayabusa Rider

Hayabusa Rider

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I read the article and I didn't see Trump mentioned. Likely? Probably. If the OP wants to back up his statement maybe he could find some polls which back his contention.

Do I think the political climate responsible? Yes, but im fussy about going from "think" to "know".
 
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brycejones

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Oct 18, 2005
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In other news Trump admin has already blocked 16% of terrorists from entering the country! MAGA! Winning!
 
allisolm

allisolm

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K1052 said:
I know a few people in tech who travel a ton....their companies won't allow them to put their devices in baggage for information security reasons.
Click to expand...

My son travels fairly frequently overseas and his company won't allow the laptops in baggage. Laptops in baggage are just an open invitation in some of the countries he visits. I don't know what solutions they are going to come up with.
 
vi edit

vi edit

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R0H1T

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Jan 12, 2013
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There's always this oft chance that people from different parts of the world will come to see how some primitive lifeforms from "the Planet of the Apes" are ruling US of A, you could always turn the White House (& Capitol Hill?) into an amusement park to boost tourist numbers.

You gotta fix that impeachment thing first though.
 
KMFJD

KMFJD

Lifer
Aug 11, 2005
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K1052 said:
I know a few people in tech who travel a ton....their companies won't allow them to put their devices in baggage for information security reasons. So either they'll end up relying on a shitload of video conferences or work will start to shift to facilities outside the US that aren't encumbered.
Click to expand...
Our company won't even let people travel with a regular laptop overseas, they get a brand new one with min applications and their account access is stripped of everything but web mail access...(at least that's how it was happening a couple of years ago)
 
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Yakk

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May 28, 2016
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Do not forget the value of the USD is extremely high, so it does discourage a lot of international tourism.

The combination of Trump & high USD value is the Perfect Storm for the tourist industry.
 
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fskimospy

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Yakk said:
Do not forget the value of the USD is extremely high, so it does discourage a lot of international tourism.

The combination of Trump & high USD value is the Perfect Storm for the tourist industry.
Click to expand...

Right now the dollar is trading within the same general range as it has been for the last several years so while I agree it could be an overall factor it's hard to see it being the primary cause of the year over year downturn.

fredgraph.png
 
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Yakk

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May 28, 2016
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fskimospy said:
Right now the dollar is trading within the same general range as it has been for the last several years so while I agree it could be an overall factor it's hard to see it being the primary cause of the year over year downturn.

fredgraph.png
Click to expand...

Well, just from the graph the USD gained +/-10% just in one year against a weighted international average, which is a Very big deal and is sure to negatively affect domestic job creation, exports, and tourism.

By contrast, the 2014 levels were excellent for job creation, exports and tourism. Though the cost of living goes up. Many countries work to keep their dollar value down versus USD specifically for job creation. A strong currency is not always wanted all the time.
 
FIVR

FIVR

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Jun 1, 2016
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I'm surprised it only dropped 16%. I'm sure it will drop more as word slowly spreads of our nations new 3rd world status as a giant vengeful Banana Republic.
 
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fskimospy

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Yakk said:
Well, just from the graph the USD gained +/-10% just in one year against a weighted international average, which is a Very big deal and is sure to negatively affect domestic job creation, exports, and tourism.
Click to expand...

Right, but that year was 2014 to 2015 and the time frame we're talking about in regards to decreased tourism is from October 2016 to present where on the whole US dollars have been getting cheaper. There's little reason to believe that currency values were the cause of the drop in tourism when they were declining during that time.

By contrast, the 2014 levels were excellent for job creation, exports and tourism. Though the cost of living goes up. Many countries work to keep their dollar value down versus USD specifically for job creation. A strong currency is not always wanted all the time.
Click to expand...

A strong currency does not create inflation, it does precisely the opposite as you can buy more imports for the same price. I agree though that the US dollar's strength is not a good thing at the moment as we want more inflation than we're currently seeing.
 
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hal2kilo

hal2kilo

Lifer
Feb 24, 2009
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KMFJD said:
Our company won't even let people travel with a regular laptop overseas, they get a brand new one with min applications and their account access is stripped of everything but web mail access...(at least that's how it was happening a couple of years ago)
Click to expand...
All we can take anymore is an encrypted BB. I like to blame shit on the great Orange One, but this happened BT.
 
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