💵 Trump's Tariffs and Travel

President Trump's promised tariffs on the U.S.'s leading trading partners could have significant knock-on effects on the travel industry

View in browser Unsubscribe Wednesday April 02, 2025 Good morning, readers. President Trump has promised a wide range of tariffs that are expected to be announced on Wednesday. Economists have many unanswered questions about the tariffs, but the travel industry will likely feel some of the effects. We explain how. Tourism   Lex Haris Managing Editor Image by Flickr/The White House Trump's Tariffs and Travel President Trump's promised tariffs on the U.S.'s leading trading partners may not directly impact the travel industry but could have significant knock-on effects.   Although tariffs don't get added to airfares, hotel rooms, or tours, they'll likely lead to higher prices and a stronger U.S. dollar, making the U.S. a more expensive destination. Tariffs could present challenges for hotel owners, including helping push up the cost of construction materials such as steel.  The heated rhetoric around tariffs could reduce the willingness of international travelers to visit the U.S.  Get The Full Story On Skift Airlines Beyond Wi-Fi: Exploring The Strategic Value of In-Flight Connectivity Together With   Viasat In-flight Wi-Fi is evolving from a perk to a strategic advantage. As passenger expectations rise, airlines that integrate seamless connectivity into loyalty and revenue strategies will gain a competitive edge. Get the Full Story On Skift Hotels   Luke Martin Hospitality Reporter Image by Skift Accor: 'Bad Buzz' Causing Europeans to Cut U.S. Summer Trips Accor CEO Sébastien Bazin said summer bookings from Europe to the U.S. have dropped substantially amid recent reports of some tourists being detained by U.S. border agents.  "We see a pretty strong deceleration across (the) Atlantic. The forward booking from European travelers going to America is minus 25%," Bazin said in a Bloomberg TV interview.  Bazin said European travelers are increasingly opting to spend their vacations in alternative locations like Canada, South America, and Egypt. Bazin's comments coincided with broader industry concerns about the impact of geopolitical instability and U.S. travel policies. Get The Full Story On Skift Event | June 4 Skift Data + AI Summit At the Skift Data + AI Summit in NYC, industry leaders will explore how cutting-edge AI applications and data-driven insights are revolutionizing travel, providing professionals with the strategies and knowledge needed to stay ahead in an increasingly competitive landscape. Register Before the Price Increase Short-Term Rentals   Dennis Schaal Executive Editor Image by Vacasa Bidding War for Vacasa The board for troubled property manager Vacasa has endorsed a buyout offer from real estate platform Roofstock in alliance with Casago, a smaller property manager. The endorsement was based on the recommendation of a special committee formed to review offers – but that's not the end of the story. There's a higher bid from hedge fund Davidson Kempner, and it alleges that powerful Vacasa shareholders have forced "a "sweetheart deal for themselves" to the detriment of other shareholders. "Should the special committee continue to disregard its fiduciary responsibilities, we will have no choice but to explore all available options to protect shareholder interests," Davidson Kempner stated. The question remains: Why would the board go with a lower bid? Casago's bid to acquire Vacasa is scheduled for a shareholder vote on April 29 – as of now, the Davidson Kempner offer will not be considered. Get The Full Story On Skift Editor's Picks   Rashaad Jorden Associate Editor/Archivist Tourism Travel in the Trump Era: What's Actually Changed for Visitors?   Online Travel State of Airbnb, Delta's Performance, and U.S.-Canada Tensions: Top Questions for Ask Skift   Hotels Marriott's Hotel Push in Europe Targets Middle-Class and Smaller Cities   Airlines What's Next for Asia-Pacific Airlines? We Hear from 9 Top Executives   Tourism What is Driving Trip Decisions of Indian Travelers   Tag China's Outbound Travel Is Having a Comeback and First-Timers Are Driving it Get More News On Skift   Skift Pro       With a subscription to Skift Pro, you get full access to the in-depth reporting, exclusive interviews, and breaking news that me and the rest of the Skift Editorial team produce – as well as the travel industry's premier AI answer engine and Skift Travel 200 stock index. Lock in to a New Monthly Rate Defining the future of travel. Skift. 35 W 31st St., New York, NY, 10001, USA Follow Us: LinkedIn   |  X   |  Facebook   |  Whatsapp   |  Bluesky   |  Threads You received this because you are subscribed to Newsletter | The Daily from Skift. For Gmail users: If you are using the tabbed inbox, Skift emails may be pushed to the 'Promotions' tab. To get updates from Skift direct to your primary inbox, drag and drop this email to that tab.