The Economic Impact of Decreased Chinese Tourism on the U.S. Exceeds $20 Billion
The decline in Chinese tourists visiting the United States due to long visa wait times, gun violence, and geopolitical tensions is expected to cost the U.S. more than $20 billion this year. Before the pandemic, Chinese travelers contributed over $30 billion annually to the U.S. economy. The U.S. tourism industry is still in recovery mode, with international visitation and spending slower than expected. The U.S. needs to address visa wait times and safety concerns to attract more tourists. Meanwhile, Canada and Mexico have seen an increase in visitors, while the U.S. competitive edge in global tourism is slipping.