The US tourism slump that never happened — why forecasts missed the rebound and what it means for Thailand
A widely circulated forecast in early 2025 predicted a sharp slowdown in inbound visitors to the United States that would tip the travel sector into a visible slump and shave billions from the tourism economy. That alarm did not materialise in the way many analysts expected. New analyses of arrival data and travel patterns show a more nuanced picture: short-term falls in some months were offset by stronger-than-expected recovery in other periods, shifts in traveller origin markets and resilience in domestic travel and spending that together blunted the impact of headline pessimism. For Thai readers wondering whether this is a cautionary tale for Southeast Asian tourism or a sign of shifting global travel flows, the story matters because it highlights how fast-changing economic signals, policy choices and traveller behaviour can reshape forecasts — and how Thailand might respond to both opportunity and competition.