Ungated Post | 14 Nov 2016
The Effect of a Trump Presidency on International Travel to the US
The election of Donald Trump has introduced new uncertainty into the outlook for the US travel industry. While a Clinton presidency would have been broadly considered a continuation of existing policies, Trump ran a campaign calling for shifts in foreign, fiscal, trade, and immigration policies that have potentially significant implications for the global economy and travel.
Oxford Economics has separately analyzed Trump’s proposals and assessed a range of risks to the US economy. The conclusion of this analysis is that the most likely scenario involves significantly watered-down positions that would produce only marginally slower economic growth in 2017 and 2018 relative to our pre-election baseline scenario.
But travel is notoriously more reactive to external events. International leisure travelers in particular have discretion in their choice of destinations and readily shift preferences based on any number of real or perceived factors. Given Trump’s protectionist platform, questioning of longstanding alliances, and “America first” rhetoric, it bears asking what effect his presidency might have on travel to the US.
Download the free report here.
Tags:
You may be interested in
Post
Introducing our renovated African Forecasting Service
From economy to politics, investment to operation, fuel your business growth by leveraging our complete Africa solutions.
Find Out More
Post
Our new global trade service: TradePrism
TradePrism is the most comprehensive forecasting service for trade. Offering 1200 product-level forecasts of trade between 46 major economies, and high-level indicators for an additional 137 economies delivered through an interactive data visualisation platform allows organisations to understand the key trends across global trade.
Find Out More
Post
Sneak preview: our new Asia Real Estate Service
The new Asia Real Estate Economics Service helps companies understand the implications of macroeconomic, geopolitical, financial and climate change on private and public real estate performance in Asia. The first globally consistent and independent set of real estate forecasts, the service offers regular analysis and commentary from our highly experienced team of real estate economists.
Find Out More