If competition from disrupters like Airbnb wasn’t enough, the head of the biggest hotel company in the world, Arne Sorenson of Marriott International, is confirming the U.S. president’s immigration policies are already having an impact.
The $1.5 trillion travel and tourism industry in the U.S. is facing headwinds from immigration policies, as tourists and those planning conferences are already showing indications of looking elsewhere.
Another factor that can’t be discounted is the impact of a stronger U.S. dollar.
Dollar aside though, Marriott’s warning follows the CEO of Expedia, the largest online travel agent by total bookings.
Expedia says hotels and airlines are cutting prices as a result of falling interest in the U.S.
Marriott’s CEO notes it’s too early to suggest a total or long term impact, but seeing the fall in bookings from Mexico and the Middle East, which have been the most frequent target of the negative rhetoric, is quite telling.