Hi HODLers, Hiveans and Lions,

 https://img.leopedia.io/DQmarmUb5GYFGuH7XFL3yVnRqzydL1oVczMuB5sq4apTvHm/image.png 


Even if some tariffs have been paused, the aggressive rhetoric from the Trump administration towards Europeans or Canadians is already having big effects on tourism.

European tourists are down 25% YTD while I have read that Canadians are down even 40%+ YoY since the start of 2025!
 https://img.leopedia.io/DQmVNfhGr8tTdGcpoCdx4FMXKHCNuCecsuaKUNBYep4fDAa/image.png 

>Naren Shaam, CEO of travel booking site Omio, said cancellation rates for bookings to the US were 16 per cent higher in the first quarter than a year earlier — **with travellers from the UK, Germany and France showing an even higher cancellation rate of 40 per cent**

With an economy undergoing a tradewar and some ongoing boycotts abroad, having tourism falter while US Consumer sentiment is at decades low is not a good news!

**This could be the last drop that tips US into recession!**

Thinking about all of this, I was thinking which stocks/sectors I could short to benefit from lower tourism demand. Airlines are already down a lot year to date so this ship has sailed but I am going to dig into some US Airports and possibly hotel chains!

### Any smart ideas?

[Source](https://www.ft.com/content/6dc16a54-8de1-4f3b-8409-ecb566118127)

Stay safe out there, 

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Posted Using [INLEO](https://inleo.io/@vlemon/foreign-tourists-are-not-traveling-to-the-us--g8r)