The U.S. travel industry’s profits have hit a wall (pun intended) following the election of Trump.
The “Trump Slump” is in full effect in the United States travel industry – the Global Business Travel Association (GBTA) is citing major losses in travel profits across the country since Donald Trump was elected President. According to the GBTA, visits to the U.S. are down by 2.2 percent following the controversial immigration executive order. So far, that equals about $185 million in lost revenue.
That fall in revenue is echoed by a lagging demand for flights heading into the country, travel company Hopper says. Desire for flights to the U.S. is down by about 10 percent from its pre-Trump level.
“Trump’s executive order has led to a significant drop in interest in traveling to the US,” Patrick Surry, Hopper’s chief data scientist, told the Telegraph. “While some would argue that a reduction in foreign visitors is a positive outcome, it’s clear that the vast majority of these potential travelers are simply business people, tourists, family members, students and the like. If travel restrictions are reinstated it may send the message that visitors are no longer welcome in America and we could be seeing the start of a significant downturn for the travel and tourism industry.”
Hopper’s research also found that the travel slump isn’t just seasonal—during this time last year, demand was only down 1.8 percent rather than the 10 percent it sits at now.
Kayak has done research with similar results, as well, tracking flight searches from the E.U. to the U.S. The company noted a 14 percent decrease in searches for flights to the U.S. in January when Trump signed the executive order.
“With 1.5 billion searches conducted on Kayak websites every year, these percentage changes are really significant,” Kayak’s Suzanne Perry told The Telegraph. “The data strongly indicates that there has been a substantial decline in searches and interest for travel to the US since the start of Donald Trump’s campaign.”
Perry did note that flight searches to the U.S. from Russia, though, have spiked to 88 percent.