People in the leisure industry in the US are going to do well. With the low value of the dollar, more people are going to choose to vacation in the US, and it makes vacationing in the US more attractive to foreigners. If they choose to ignore their government’s travel advisories about the US, that is.
Given that Trump is in the leisure industry, this is no surprise. In down markets, staycations (or, vacationing within the country) always go up. It may be the one industry that sees an uptick in business.
Past recessions when the dollar’s dropped against the Euro, the domestic leisure industry has benefited. I honestly don’t know how much the whole hostile-to-foreign-nationals aspect of the current administration is going to affect that pattern. Probably at least some, but I suspect most white Europeans will ignore it. A weak dollar makes a US vacation cheaper, and that’s an emotional decision.
As evidence, I present the Nationalistic trends in EU countries, Brexit, and British vacationers. They’re not immune to believing what they want to believe.
The supply chain is about to get demolished and tens/hundreds of millions of people are going to lose their jobs without one to replace it. On top of that things are going to explode in price due to inflation and tariffs.
Yet you think people are going to ramp up their vacations. lol.
Jesus H Christ on a cross. The question was about silver linings. It wasn’t whether or not we think it was brilliant strategery.
I never, anywhere, said anything even implying Americans were going to take more vacations. What I said, very specifically, was that many people who might have been planning to vacation in, say, Europe are going to choose to vacation domestically instead.
People in the leisure industry in the US are going to do well. With the low value of the dollar, more people are going to choose to vacation in the US, and it makes vacationing in the US more attractive to foreigners. If they choose to ignore their government’s travel advisories about the US, that is.
Given that Trump is in the leisure industry, this is no surprise. In down markets, staycations (or, vacationing within the country) always go up. It may be the one industry that sees an uptick in business.
Come to the US and stay in one of our luxury ICE detention centers, and then get an all expenses paid vacation to Cuba or El Salvador!
https://www.youtube.com/watch?v=wXlOvh43DVQ
Yeah, that’s whyfor the travel advisories.
Past recessions when the dollar’s dropped against the Euro, the domestic leisure industry has benefited. I honestly don’t know how much the whole hostile-to-foreign-nationals aspect of the current administration is going to affect that pattern. Probably at least some, but I suspect most white Europeans will ignore it. A weak dollar makes a US vacation cheaper, and that’s an emotional decision.
As evidence, I present the Nationalistic trends in EU countries, Brexit, and British vacationers. They’re not immune to believing what they want to believe.
Pass me some of what you’re smoking
The supply chain is about to get demolished and tens/hundreds of millions of people are going to lose their jobs without one to replace it. On top of that things are going to explode in price due to inflation and tariffs.
Yet you think people are going to ramp up their vacations. lol.
Jesus H Christ on a cross. The question was about silver linings. It wasn’t whether or not we think it was brilliant strategery.
I never, anywhere, said anything even implying Americans were going to take more vacations. What I said, very specifically, was that many people who might have been planning to vacation in, say, Europe are going to choose to vacation domestically instead.
Maybe you should put your pink glasses aside?
Hey, the challenge was to find silver linings. It’s not like I think they were a good idea.