CLIFFHANGER- It looks like the isolationist policies of the orange clown in the White House are already beginning to bear fruit: US$185 million in lost revenue for the U.S. travel industry in just two months, to be precise.
That's what analysts at least estimate the industry has lost due to alarming lower visitors numbers since Donald Trump's election and the subsequent introduction of the 'failed' Muslim travel ban.
So much for creating jobs by making "America great again" and good luck to investor Warren Buffett who reportedly has invested heavily in U.S. airlines stock. We reckon the "Oracle of Omaha" could be in for a rude shock when this trend continues.
Interest in travel to the U.S. has "fallen off a cliff" say travel companies, which are reporting sharp declines in flight searches while average room rates have been dropping by as much as 38% in Las Vegas and 32% in New York City, just to name two destinations.
Newspaper the Guardian noted that research by flight app Hopper shows how flight demand to the U.S. has fallen in 94 of 122 countries. One notable exception is Russia, where flight search demand to the U.S. is up 88%.
Search engine Kayak has experienced a 58% drop in searches for flights from the UK to Tampa and Orlando, for example, and a 52% fall in searches for Miami. Searches for San Diego are down 43%, Las Vegas 36%, Los Angeles 32%. Although ticket prices remain steady for the moment, one doesn't have to be an 'oracle' to predict that lower demand will ultimately force prices down. And when sales are down, jobs will suffer.
And when jobs are lost? Right, you just blame Emirates, Etihad and Qatar Airways.
Travel to U.S. is "falling off a cliff" - courtesy Denver Post