by Calculated Risk on 3/13/2025 03:55:00 PM

This will be something to watch. The Top 3 countries for tourist visits to the US in 2023 were:
1) Canada 31% in 2023
2) Mexico 22% in 2023
3) UK 6% in 2023

And it appears there has been a sharp decline in Canadians traveling to the U.S.   United Airlines CEO noted that their weaker outlook is due to a drop in traffic:

“We’ve already started the process of where that capacity is coming out.  A lot of it transborder, big drop in Canadian traffic to go into the U.S.”.This could impact hotel occupancy in the U.S.From STR: U.S. hotel results for week ending 8 March The U.S. hotel industry reported mixed year-over-year comparisons, according to CoStar’s latest data through 8 March. …

2-8 March 2025 (percentage change from comparable week in 2024):

• Occupancy: 62.4% (-1.4%)
• Average daily rate (ADR): US$160.53 (+2.1%)

Keep reading this article on Bill McBride - Calculedriskblog.

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