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Travel Press Is Reporting a Drop in Tourism to the United States
- ars 10y ago6.8% is not "devastating". Especially when no figures showing variability over the last decade are included to see if such a drop is just random. This article then extrapolates an 80% drop in 7 banned countries into an 80% drop on the entire sector to reach a conclusion of "billions of dollars" and "hundreds of thousands of workers". Or in other words this is one of those legendary "fake news" articles. Sigh. At least it included the agent of its own debunking within it.
- akhilcacharya 10y ago>Or in other words this is one of those legendary "fake news" articles. Hmm...seems like you need a refresher on what that word means. https://youtu.be/Vc3W9dlON9Q?t=136 https://youtu.be/Vc3W9dlON9Q?t=136
- kentonv 10y agohttp://data.worldbank.org/indicator/ST.INT.RCPT.CD?locations=US http://data.worldbank.org/indicator/ST.INT.RCPT.CD?locations... International tourism to the US is worth about $220 billion a year, with strong year-over-year growth every year since the recession ended. A 6.8% drop does indeed translate to billions of dollars, which can indeed be assumed to translate into hundreds of thousands of workers. No, a 6.8% drop over the course of a few weeks is not "just random". Statisticians know how to control for things like seasonality and can normally predict expected numbers very precisely, barring some external factor -- like the President of the United States sending a clear message that foreigners are not welcome.
- liberte82 10y ago> 6.8% is not "devastating". How can you possibly say that? A sudden 7% drop in any industry is indeed devastating.
- kordless 10y agoThe same reason someone in finance reported Bitcoin "plunged" last week on a <2% downward movement that corrected within 24 hours. It's opinion, and it's biased.
- kylehotchkiss 10y agoThis hurts us when foreign carriers realize they can't fill planes and affordable international routes start to disappear. Do we really think American or united will step up to fill these routes?
- reimertz 10y agoExactly, the spiral affect of less tourism -> mass cancellations of routes/price bumps -> less tourism -> ...
- xbmcuser 10y agoI think it is too soon to say if the tourism drops is permanent or just temporary.