Canadians pull back on U.S. trips, threatening to widen travel deficit
From CNBC: 2025-03-28 13:00:00
- Canadians are protesting against U.S. tariffs and policies in Toronto, leading to a decrease in travel to the U.S. and a potential threat to the $50 billion travel deficit.
- The U.S. travel industry is worried about a slowing economy and safety concerns impacting visitor numbers, with a deficit of over $51 billion in travel spending.
- Canadian travelers are avoiding the U.S., with air and land crossings down, and Canadian airlines cutting routes to the U.S. in favor of other destinations like Mexico and the Caribbean.
- The U.S. travel industry is facing challenges with weaker bookings for domestic trips, a drop in Canadian traffic, and warnings from other countries, potentially leading to billions of lost dollars in revenue.
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