Home > > Trade war with China may cost U.S. $11 billion in lost tourism dollars

Trade war with China may cost U.S. $11 billion in lost tourism dollars

08/23/2019| 1:46:33 PM|

The U.S. could see nearly 2 million fewer Chinese visitors because of hostile trade relations, travel advisories and rising currency exchange rates.

Chinese tourist arrivals to the U.S. has already diminished since the conflict erupted in early 2018, and continuing tensions are projected to result in 2 million fewer Chinese tourists through next year, according to a new estimate from Tourism Economics, an Oxford Economics company. 

Over two years, that adds up to USD 11 billion in lost spending. 

The research firm estimates that a significant decrease in Chinese tourists last year resulted in a loss of roughly USD 2 billion in spending in the U.S. In 2019, nearly 650,000 fewer visits are expected — another USD 3.8 billion in foregone spending. 

Chinese tourists make up the third-largest market for travel to the U.S. and spend an average of USD 5,800 per visit — more than any other nationality. By comparison, visitors from the U.K. the largest market for arrivals to the U.S., spend roughly USD 2,500 per person. 

Inbound visits from China to the U.S. fell 5.7% in 2018 compared to the previous year — that was the first decrease in arrivals from China in 14 years, according to Tourism Economics. And inbound travel from China was down 2.2% for the first six months of 2019 compared to the year-ago period. 

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TAGS: US | trade war | tourism spending
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