U.S. Air Visitor Decline
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foreign travel spendingCNBC
•Business
Business & Economics
International tourists to the U.S. slump, but Americans can't stop traveling overseas
79% Informative
Americans are traveling abroad in droves, while the number of visitors to the United States is falling.
The imbalance could deepen the more than $50 billion gap between what the U.S. generates through travel and tourism services and what Americans spend abroad.
A decline in foreign travel spending could subtract around 0.1% from the gross domestic product this year , JPMorgan says.
Many working Americans and retirees are on edge with recent market tumult.
But wealthy and aging travelers, particularly in the pricy front of the plane, are helping to offset that.
It isn't clear whether a pullback in consumer spending in the back of plane is a sign that high-end, international leisure travel bookings will weaken too.
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90
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