A regular feature of World Travel Market week in London is the release of reports and studies that slice, dice and granulate the world’s international tour and travel industry and ranks its various components according to enough indices that just about every country market on earth can point to a ranking of some sort as a good reason to show up at WTM. But none gets more attention than Euromonitor International’s Top 100 City Destinations Ranking. For, not only does it put together a list of top performing cities in the world, it tallies the top 10 cities in each major global region and, in a few cases, in some countries as well. And it has brief analyses of key issues in each region.
First, the Top Ten Cities of 2017, according international tourism arrivals:
New York Dominates the Americas: According to the Euromonitor report, the city “is the clear leader in the Americas. To many it might seem that the city is untouched by what is happening in Washington DC, but NYC & Co has revised its forecasts for 2017, expecting a potential fall of 300,000 visitors, although this is likely to be a worst-case scenario.”
Trump Factor Could Threaten Growth: As the report puts it, “Uncertainty reigns with Donald Trump in the White House,” and goes on to explain: “Global unease has accompanied President Trump to the White House. Trump entered office on the back of claims that he would close the U.S. border, build a wall between Mexico and the US and end trade agreements, all potentially affecting the travel industry.
One of his first actions was to pull out of the Trans-Pacific Partnership (TPP) in January 2017. Similarly, he has threatened to pull out of the NAFTA agreement, which allows free trade between Canada, Mexico and the U.S.”
The report adds this note: “Euromonitor International’s Travel Forecast Model provides an indication of the impact a Trump Trade War would have on the travel industry. If the US drops out of NAFTA and imposes a 35 percent tariff on Mexican imports, followed by Mexican retaliation, the impact on inter-regional travel would be considerable.”