United States expects to lose eleven billion in international spending

10-11-2026

America's travel industry association unveiled its fall forecast on 5 November, and the picture it paints is something of a paradox. While Americans are travelling within their own borders in record numbers, the foreign visitor is spending less and less in the country. According to the published figures, international spending will fall by 6.3 per cent in real terms this year, to roughly 163 billion dollars, nearly 11 billion dollars less than the previous year.

The contrast with the domestic market is striking. Residents are expected to take 2.44 billion trips, a record. Even so, total travel spending will slip by 0.7 per cent in real terms to 1.35 trillion dollars. Part of the explanation lies in prices: the forecast points to a 7.2 per cent rise in travel costs, more than double general inflation at 3.4 per cent. Put simply, travellers are paying more to do the same thing, and that erodes the volume of activity even as the number of trips grows.