Summer Bookings From Europe To US Are Down 25%

Bloomberg News reports:

French hotel group Accor SA has warned that forward bookings from Europe to the U.S. are down 25% this summer as travelers that feel put off by U.S. President Donald Trump’s ’s crackdown on immigration divert to other locations. The company is seeing a “pretty strong deceleration” across the Atlantic, CEO Sébastien Bazin said on Tuesday in a Bloomberg TV interview. The drop is an acceleration from an 18-20% decline in the first 90 days of the year, he said.

“It’s probably anxiety to go in an unknown territory,” Bazin said. While cases of people being detained at the border are anecdotal for now, they have nevertheless created a “bad buzz” that’s starting to show up in booking trends, he said. Transatlantic travel has long been a mainstay

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