Donald Trump’s Muslim travel ban threatens 241,000 jobs in the business travel industry…And counting.
The GOP’s president Donald Trump promised to “make America great again” and fix the economy. Instead, his Muslim travel ban’s hurting the U.S. business travel and tourism industries.
He keeps bragging on Twitter about all the U.S. jobs he’s creating or saving. But guess what? Let’s just, for the sake of argument, say business leaders really do change course because of Donald Trump’s tweets. The New York Times counted up all the jobs that Donald Trump allegedly created or saved.
In the best case scenario, they add up to just 57,700 jobs so far.
Meanwhile, Donald Trump’s Muslim travel ban threatens 241,400 jobs in the business travel industry and counting. Plus, foreign tourism isn’t looking so great either. World travel maven Arthur Frommer from Frommer’s Guide writes the ban caused a sharp 6.8 percent drop in foreign tourism.
It’s known as the “Trump Slump.” And I know of no reputable travel publication to deny it.
Ouch. And guess what? It’s not just folks from the seven Muslim-majority nations on Trump’s naughty list who feel unwelcome.
…the fall-off is not limited to Muslim travelers, but also extends to all incoming foreign tourists. Apparently, an attack on one group of tourists is regarded as an assault on all.
But wait, there’s more. Tourism jobs and dollars are hard to forecast, but the figures for business travel are more predictable. Foreign business travelers spend lavishly in the U.S., to the tune of nearly $185 million. And guess what? They’re not coming.
According to the Global Business Travel Association [GPTA], in only a single week following announcement of the ban against certain foreign tourists, the activity of business travel declined by nearly $185 million.
Although we’re in the early stages of the Muslim travel ban fallout, Voice of America explains that the GPTA has a formula to project job losses.
According to data compiled by GPTA, U.S. business travel transaction levels in the week before and after the travel ban resulted in a net industry impact of -3.4 percent.
For every 1 percent impact on annual U.S. business travel spending, the country either gains or loses $5 billion in gross domestic product along with 71,000 jobs, according to GPTA’s calculations.
In other words: -3.4 % impact x 71,000 jobs = -241,400 business travel jobs. That’s right. 241,400 jobs. Gone. And we’re also about to lose: $17 billion in GDP; 10.2 billion in wages; and 4.08 billion in tax collections.
And it’s about to get worse: 38 percent of companies from Europe alone plan to cancel or delay business travel to the U.S. Here’s an infographic with the grim numbers from the Business Travel Herald via Twitter:
Business travel industry plummets after Trump Travel Ban. pic.twitter.com/fHLfq46jGC
— Xavier Hughes (@Xavier_Hughes) February 15, 2017
Of course these numbers could change if Donald Trump does something about the Muslim ban. But that won’t rebook all those cancelled trips. So much for Republicans being good for business and the economy.