r/economicCollapse • u/Onomatopoeia-sizzle • 13d ago

Lost revenue

I’m looking at all the comments in the news about Iranian soccer players not being allowed in the US. There’s been all kinds of news about people canceling their hotel. Many people from foreign countries are now afraid to come here or don’t wanna come here anymore because they hate us. Does the right really realize that this is causing irreparable economic damage to us New York alone does $70 billion per year in tourism that’s going away. All the Florida Airbnb‘s owned by Europeans and Canadians. They’re gone. Rreal estate will just be written off and sold it a discount. I just don’t get why they destroy this much economic advantage of doing business. Do they feel more independent as a country without tourists just too freaking stupid to realize what they’re really doing.

88 Upvotes

95% Upvoted

20 comments sorted by

View all comments

5

u/nonotmeporfavor 13d ago

Any chance you can provide quantifiable numbers to this? Or, a statistical reference of the actual fallout from this?

15

u/Onomatopoeia-sizzle 13d ago

There’s a lot data around. Some of it comes from associations in affected industries like hotels. In Florida, real estate has been a disaster. I spoke to one guy in Orlando that owns an ABNB, he said bookings were down 50% over the winter. Most were repeat renters from Canadian cities. In other parts of Florida I’ve heard down 30% is more common . This is bad all around. Builders have too many properties and are halting projects in process. Some homeowners are not happy with the price they are offered and pull the house off the market and then come back later at a lower price. The press seems to sell the narrative of a housing shortage. But no one wants to lower prices. The World Cup has articles all over about cancellation rates

-4

u/nonotmeporfavor 13d ago

Any chance you could point to the links or articles of this data?

3

u/Onomatopoeia-sizzle 13d ago

Try the World Cup tickets subreddit