10 to 15% is the entire margin of a lot of business in the service industry, don’t underestimate the movement. Even 5% is enough to dent the stock growth of the hotel industry. That data also predate the important budget blockage of the national parks and forestry
Foreign tourists bring in foreign money, which helps balance the trade deficit.
By itself it wont be a massive impact, but combine it with many other small to medium impacts and the load on the empire will become challenging to bear more and more.
Non-domestic tourism is about 10-15%, so not a massive impact.
https://www.statista.com/statistics/1419267/travel-and-tourism-contribution-to-us-by-traveler-origin/
10 to 15% is the entire margin of a lot of business in the service industry, don’t underestimate the movement. Even 5% is enough to dent the stock growth of the hotel industry. That data also predate the important budget blockage of the national parks and forestry
Also, it’s fairly standard for foreign tourists to a country to spend more money than domestic tourists.
I’m not over or understating anything. There was a question about numbers and I found the numbers, 10-15% ish, trending down since 2019.
“Massive” is subjective though, and I guess one person’s “massive” is another person’s 10-15% 🤷🏽♂️
I tried to link the hotel occupancy numbers which are interesting, but they’re paywalled.
A bigger dent is airlines. A lot of domestic tourism would be by car.
Foreign tourists bring in foreign money, which helps balance the trade deficit.
By itself it wont be a massive impact, but combine it with many other small to medium impacts and the load on the empire will become challenging to bear more and more.
Don’t worry, domestic tourism is going to plummet too; it’s not like anybody will be able to afford a vacation in a year