Decline In International Travel: Video Press Coverage

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Decline In International Travel: Video Press Coverage (Economics)

While few examples of economic factors that have led to a decline in international tourism to the U.S. were found, some videos in the media referenced an increase in the value of the U.S. dollar driving tourists away from the United States as an international travel location. Relative to other currencies, the increased dollar value makes traveling through U.S. locations more expensive than in the past or in other nations.

RESEARCH STRATEGY

While video examples of news coverage discussing the decline of international travel to the US in terms of the political climate were available, videos related to U.S. travel based on global economic factors were limited. Most of the videos found with respect to the decline of U.S. international travel focused on political factors such as anti-immigration laws, travel bans, policies of Trump and some informative videos which dealt with economic factors mostly in respect to dollar values and their impact on international travel to the U.S. within the timeline of 2014-2017
Initial research for video news coverage that discussed the decline of international travel to the U.S. through various major broadcasting networks such as the National Broadcasting Company (NBC), CBS, ABC, Fox, CW Television Network, BBC, Bloomberg and Reuters yielded relevant videos about the U.S. dollar value and how it’s affecting international travel. To further understand the economic aspects that impact international travel to the U.S., factors such as global recession, exchange rates, and high dollar value were searched, including any related videos, but most of the content was news articles without video content. Only three videos from 2015 were found which stated that a strong U.S. dollar tends to decrease U.S. international travel.
Videos released by U.S. travel and tourism authorities were then referenced, including websites such as US Travel, Visit The USA, US Embassy, and U.S. Travel Docs, yielding articles related to statistics of U.S. international visits and promotional brochures, but this did not produce any videos on international travel to the U.S.
Broadcasts by major broadcasting networks in video-sharing then referenced, including YouTube, DailyMotion, and Twitch, but this did not yield any videos from reputable news networks within the timeline of 2014-2017, and most of the videos focus on political factors, while others are outside the relevant time scope.
Since only three examples of relevant video coverage could be found, the search was expanded to written media which provided articles from reputed publications such as Reuters and the Denver Post which discuss U.S. economy factors which led to the decline of international travel to the U.S.

FINDINGS

“IT’S TIME FOR THAT EUROPEAN VACATION”

CNBC published this video that reports that because of a decline in the value of the euro, tourists have further incentive to travel to Europe rather than the U.S. In this video, the anchor compares the increased U.S. dollar value versus the decreased Euro value, also explaining the expenses of traveling through examples such as hotel room costs in the U.S. and Paris.

“STRONG DOLLAR COULD HIT U.S. TOURISM”

Reuters published this video of Bobbi Rebell who reports that the stronger U.S. dollar is leading to a decrease in U.S. tourism. As of 2015, it has become an expensive travel destination. It also states that there is decrease of 1-2% on spending of international shoppers in the U.S.

“IS THE STRONG DOLLAR SCARING AWAY TOURISTS?”

Bloomberg published this video where Christopher Thompson, president and CEO of Brand USA states that there will be an impact on the airline, hotel, general tourism industries due to the strengthened U.S. dollar value.

“U.S. TOURISM SECTOR FACES SQUEEZE OF STRONG DOLLAR, TRUMP TRAVEL BAN”

Reuters published this article that states that visitors to New York city may be decreased by 300,000 in 2017 due to strong U.S. dollar values which makes travel more expensive to the destination.

“STRONG DOLLAR BRINGS PAIN TO COLORADO MOUNTAIN RESORTS”

The Denver Post published this article that states that international visitors for Colorado mountain resorts were decreased due to the strengthened U.S. dollar, and that Australia became a new alternative destination for tourists interested in ski resorts.

CONCLUSION

Primarily the increase of the value of the U.S. dollar has led to numerous other international locations generating higher interest for tourists seeking more affordable destinations for their travels.
Sources
Sources

Quotes
  • " In the last year, the euro has lost nearly a quarter of its value versus the U.S. dollar. "
Quotes
  • "International tourists spend more than $200 billion annually on travel, hotels, dining and shopping, but the stronger dollar is expected to curb growth this year. Bobbi Rebell reports."
Quotes
  • "April 9 -- Christopher Thompson, president and CEO of Brand USA, discusses the impact of the strong dollar on U.S. tourism with Bloomberg's Mark Crumpton on "Bottom Line.""
Quotes
  • "The U.S. dollar has gained more than 5 percent against the euro over the past six months, making it more expensive for travellers to visit the United States."
  • "New York City was expecting foreign tourist numbers to remain unchanged at 12.7 million but has cut its forecast for 2017 by 300,000."
Quotes
  • "International visits are declining at the state’s ski resorts that count on free-spending during longer stays by visitors from afar to bolster the bottom line."
  • "The lingering strength of the dollar is pinching the flow of international tourists into Colorado. "