(Nexstar) – With economic anxiety and international tensions, some of the largest hot points in the country are concerned that visitors will not appear this year. The travel analysts say, but their loss may be your gains, if the demand decreases low so that the deals begin to appear.
Where are tourism decline?
A Las Vegas Tourism Report This week, it showed that the visit and the job of hotels decreased on an annual basis. California Tourism Council The acute decreases have been reported Starting in February and March.
As a result of dropping the demand for travel, the major American airlines reduce their flight schedules and decrease or withdraw their profits for this year.
“We have gone out of the strong fourth quarter, we witnessed a decent work in January, and the local entertainment travel fell largely largely with we went to the timeline of February,” Robert Isom, CEO of CNBC, told CNBC.
The consumer frequency will be compatible with the reservation of vacations with New poll Which showed that many people are afraid of being the United States Stagnate The extensive and hypothesis definitions of President Donald Trump will lead to high prices.
Decrease local and foreign travelers. the American Travel Association International visits decreased by 14 % in March compared to the same month before the year. The group said that the largest drops were in the visitors of Canada and Western Europe.
Michael Ferrolly, the chief American economist at JP Morgan, said that decrease in travel could be due to the growing feelings of America.
“In recent weeks, there have been many news stories about the cancellation of tourists to the United States in protest against the cracks of recent commercial policies.” “This refers to another channel that is likely to consider assessing the effects of definitions on economic activity.”
Even a relatively small decline in foreign tourism, whether due to boycott or economic uncertainty, will cost the American economy billions, Bloomberg Reports.
Will the decrease in tourism lead to travel deals?
If the demand in the travel sector decreases, there is a light opportunity, hotel chains and other prices to lure people.
Airline travel decreased in February and March, according to Work statistics tracking office.
“These prices are not as strong as they were in the fourth quarter of last year and come in January and the first part of February,” CNBC. “The demand is still very high for this industry, but not at the height that we all expect to continue to leave last year.”
Before extracting a lot of conclusions, some industry analysts urge to wait until April data is released to assess whether the busy spring seasons are usually and travel seasons on Easter show a decrease in prices.
However, airline business writer Brian Samarz “In general, I expect prices to drop and we will see more empty seats,” the New York Times told the New York Times.
If we see that the American economy is wearing economic stagnation this year, this may also make travel – and other goods and services – cheaper.
“In fact, in the recession of 2008, I have already seen a two -month shrinkage as the total price level was already less,” said Tyler Sheber, Associate Professor of Economy at St. Thomas University. “I think that this is especially true for things that may be more luxurious for many families, such as travel. So, flight, for example, you can see a decrease in prices around most of the recession. I think that if we go to the recession, you will still see it again.”
Addy Bink from Nexstar and Associated Press contributed to this report.