7.1 million visitors entered the US from overseas in the first three months of this year, 3.3 per cent fewer than during the same period in 2024.
Expedia Group said Friday that reduced travel demand in the United States led to its weaker-than-expected revenue in the first quarter, and Bank of America said credit card transactions showed spending on flights and lodging kept falling last month.
The two reports add to growing indications that the US travel and tourism industry may see its first slowdown since the end of the COVID-19 pandemic fuelled a period of “revenge travel” that turned into sustained interest in getting away.
Expedia, which owns accommodation reservation platforms Hotels.com and VRBO as well as an eponymous online travel agency, was the latest American company to report slowing business with both international visitors and domestic travellers.
Airbnb and Hilton noted the same trends last week in their quarterly earnings reports. Most major US airlines have said they plan to reduce scheduled flights, citing a decline in economy passengers booking leisure trips. (Euronews)