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Foreign tourists and their impact on the U.S. economy

Jun 18, 2020 | Financial

Provided by Joseph V. Curatolo

More than 79 million foreign tourists visited the United States in 2019, adding $254 billion to the U.S. economy. Residents of Canada and Mexico accounted for almost half of the total, while the countries shown in the photo were the top 10 sources of overseas visitors.

Travel restrictions and lockdowns due to COVID-19 have severely disrupted the flow of foreign tourists in 2020. It’s too early to know the full extent of the damage to the tourism sector, but the effects may continue for some time after the virus is controlled.

Joseph V. Curatolo is president of Georgetown Capital Group, 5350 Main St., Williamsville (phone: 633-9800, toll-free 1 (800) 648-8091, fax 633-9789, www.georgetowncapital.com). 

Insurance services offered by Georgetown Capital Group, which is independent of Royal Alliance Associates, Inc., with separate ownership, and is not registered as a broker-dealer or investment advisor.

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Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2020.

 

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