Tourism in New York City faces severe declines, particularly from Canadian visitors, impacting businesses like Spread Love Tours. Mike Levy forecasts a drastic revenue drop from $35,000 to $5,000 this year due to political factors, influenced by Trump's tariffs and annexation talks. The city's tourism organization revises estimates, predicting 52 million visitors this year compared to previous figures. The loss of international tourists, who spend more, raises concerns as experts cite the broader economic repercussions, with potential increases in spending declines linked to ongoing federal actions against immigration.
"It's been unprecedentedly horrifying," said Levy, who expects revenues to drop to $5,000 this year and to disappear entirely in 2026.
The travel organization projects the city will attract 52 million domestic visitors this year, down from an earlier estimate of 53.1 million.
Some experts fear the spending declines will mount with Trump's tariffs regime still unsettled.
The tourism drop "represents a direct blow to the U.S. economy overall, impacting communities, jobs and businesses from coast to coast."
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