US to lose billions? Weakening travel demand could cost economy, warn analysts
[ad_1] AI-generated representative image Declining travel demand, evidenced by disappointing earnings projections from major travel companies, could lead to significant economic losses for the US this year. Analysts point to the impact of the Trump administration's trade policies on consumer confidence, as reported by Reuters.JP Morgan claimed in a recent note that rising anti-American sentiment may be contributing to a decline in international tourism, which is a key service export. Both Goldman Sachs and JP Morgan estimate that reduced foreign travel expenditure could lower US GDP by 0.1 per cent this year, with potential impacts reaching 0.2 to 0.3 per cent. LSEG analytics data shows that US GDP reached $23.53 trillion in the first quarter of 2025, suggesting that the losses could range from $23 billion to $71 billion, based on Reuters' calculations. Delta Air Lines reported last month that […]