Overview

• International arrivals to the US fell by nearly 10% in March 2025 compared to the previous year, with Canadian bookings down 70% through September.
• Goldman Sachs projects a potential $90 billion economic loss in 2025 from reduced tourism and consumer boycotts tied to tariffs and geopolitical tensions.
• Revised forecasts predict a 9.4% decline in international arrivals for 2025, reversing earlier expectations of post-pandemic growth.
• Key tourism-dependent regions, such as the Northeast and Las Vegas, are already experiencing declines in hotel rates and tax revenues.
• Local efforts, like those by Travel Oregon, continue to target international markets, though broader negative perceptions of the US persist globally.