00:00The United States' relationship with its neighbors to the north has been deteriorating for months
00:04due to President Trump and both his trade war and threats of making Canada the 51st state.
00:09Now, aviation data firm OAG reports that bookings for flights from Canada to the U.S. have plummeted.
00:16According to the report, U.S.-bound bookings from Canada between April to September
00:20have dropped 70% over the same period last year.
00:23What's more, airlines that service those routes are also lowering their capacity,
00:27an indicator that they foresee this lower demand perpetuating.
00:30So what does this mean for the U.S. tourism industry?
00:33Well, according to travel news site The Points Guy,
00:35if the United States loses just 10% of Canadian tourists,
00:38American businesses will also lose $2.1 billion in revenue.
00:43Not to mention the airlines that also rely on those travel routes will also suffer.
00:47Delta and United, for instance, have already reported 30% to 40% losses over the same period last year.
00:53Economists believe that economic uncertainty and Trump's trade war are to blame,
00:58casting a shadow on the financial future security of Americans,
01:01meaning it's unlikely that many will book a trip six months from now.
01:04If they are uncertain, their financial situation will be the same at that time.
Comments