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1.Market Observations, 8.Was Sticky

29 Mar 2017 (AFR) – US travel industry fears a ‘lost decade’ under Donald Trump – Tighter visa rules could pile on the pain for travel industry

(29 March 2017, AFR, p11, by Justin Bachman)

‘Like many Washington lobby groups, the US Travel Association was quick to congratulate the new president on his victory last November. “We are encouraged that Mr Trump’s extensive business and hospitality background will make him a ready and receptive ear,” the trade organisation said. Upon the Republican’s inauguration, the USTA’s chief executive, Roger Dow, pledged the industry as a “capable, willing partner”. But almost immediately, things started to go sideways. A steady drumbeat of news and policy proclamations seemed likely to damage America’s $US250 billion travel industry and its roughly 15 million US employees.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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