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Slowdown in tourists coming to the U.S. puts Disney's theme park magic at risk
Paulina Likos - CNBC -
22/04
The slump comes as Trump's tariffs are stoking fears of a global trade war and deterring foreigners from visiting the U.S.
A slump in air travel to the U.S. is emerging in the wake of President Donald Trump's tariffs, and it could hit Walt Disney 's important theme park business where it hurts. With international guests accounting for about 20% of Disney's park attendance in Orlando, Florida, and Anaheim, California, according to Barclays, the latest data on non-U.S. citizens traveling to America is troubling. Foreign arrivals year-over-year in March sank 9.6% to about 5.04 million, the International Trade Administration's passenger monitor shows. Things don't appear like they're going to get better anytime soon. During Delta 's post-earnings call earlier this month, President Glenn Hauenstein said the airline expects upcoming June quarter revenue in a range of down 2% to up 2% year over year versus 3.3% growth in its just-reported March quarter. CEO Ed Bastian said that "consumers remain cautious" about economic uncertainty around global tr... [Short citation of 8% of the original article]
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