There's a U.S. Travel Deficit, Too – Hotel CEOs Call for a Fix



Hotel leaders say the U.S. is squandering its tourism potential — and global hotel giants are increasingly looking abroad for growth, particularly India, Southeast Asia, and the Middle East.

Anthony Capuano, CEO of Marriott International, highlighted the challenges on Monday. A decade ago, foreign travelers spent $50 billion more in the U.S. than Americans spent abroad.

That has since reversed: The U.S. now facing a $50 billion deficit in international travel, according to the U.S. Travel Association.

“You would expect that would get a stronger reaction that it’s gotten,” Capuano said, while speaking on-stage at the NYU International Hospitality Investment Forum in New York.

“We’ve got a decade of amazing global tentpole events coming,” Capuano said. “We’ve got World Cup. We’ve the LA Olympics. We have the Utah Olympics. So we’ve got to streamline visa



Source link

Scroll to Top