US travel industry faces billions in losses as Canadians cancel trips

Canadian travelers are allegedly rethinking and canceling their travel to the United States, which could majorly impact multiple industries. According to a US Travel Association press release, a 10% drop in Canadian travelers could cut US spending by $2.1b. Thousands of jobs would also be lost, and America’s retail and hospitality industries would be negatively impacted. The source notes that Canadians are America’s largest source of international visitors, with 20.4m visits in 2024, “generating $20.5b in spending.” The hotspot states Canadians visit the most are Florida, California, Nevada, New York, and Texas. Additionally, Canada’s largest travel agency, Flight Centre, is quoted in Forbes saying that “a surge of customers” are canceling their U.S. vacations, opting to rebook other destinations. Those rebookings reportedly include “bucket-list and milestone experiences valued at over $10,000 CAD.”<br/>