Quote:
Originally posted by theking
I think that 5-10% falls withing my definition of "significant" and the smaller a countries GDP the more significant 1% or 2% becomes relatively speaking.
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No country is going to fall apart if it loses 5% of its GDP - just like it wouldn't significantly affect an individuals financial stability to lose 5% of their personal income. It would be unfortunate, but you would carry on okay. American tourists aren't as important as they act.
And most of that 5% is not coming from Americans, but from a collective of visitors from many different countries. Americans might only contribute 1%.
If America makes the most moeny from tourism, then who is really dependent on who? If a country sends us more $$$ than we send back, we're the ones ultimately benefiting when the total is balanced.
Remember how fucked Florida was when international visitors decreased after 9/11? It was treated like an economic emergency and they were doing all sorts of marketing and promotions begging for tourism dollars.