Foreign travel to the U.S. is set to weaken in 2017 as the negative impacts of a stronger dollar and poor global growth could be compounded by the shock of Donald Trump's U.S. Presidential election victory, according to a report released Monday by Oxford Economics.
Analysts at the global advisory firm allied to Oxford University's business college say they expect the President-elect to only proceed with diluted versions of his campaign pledges and policies, which should therefore lead to only "marginally slower" economic growth over the next two years.
But the report warns: "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."
"Trump's policies and persona represent a real market risk if they translate into antipathy towards the U.S. in general and dissuade travel to the U.S."