The U.S. Travel Association predicts 2025 spending on inbound international travel to the U.S. will be down 3.2% year over year, and international visits will be down 6.3%, largely due to a downturn in inbound travel from Canada. The association noted that the volume of visits from most countries to the U.S. is flat this year, but travel from Canada is down significantly.

The association’s 2024 U.S. Economic Impact Study showed that business travel contributed nearly $421 billion annually in direct spending, supported 6 million jobs, and accounted for almost 2% of U.S. GDP and 3.5% of total U.S. employment. For every dollar spent on business travel, $1.15 is returned to the U.S. economy in net-new GDP.

Sources: Business Travel News, Business Travel News

Article by Black Car News

Black Car News provides breaking news, editorial, and information to drivers, owners, and other key players in the New York City for-hire vehicle industry.

See All Articles