As of November 8th, international travelers will again be allowed to travel into the United States. This will end a 21 month ban in which some citizens of certain countries were denied travel rights to the United States. The ban first began when Trump was in office where he banned Chinese citizens from traveling to the United States. From there it then spread to other countries receiving similar bans with little reasoning as to why. These bans effected countries such as: China, Canada, Mexico, Brazil, and much of Europe. In terms of the economy though, this move should help boost the travel economy in the United States. Within a week of this news plane ticket sales have already spiked and will be interesting to see how much lifting this ban will help the struggling airline industry. Not only that but one could expect for tourism to increase as well considering the lift of sanctions. In result this increase in tourism could help benefit the United States economy as a whole. It will be interesting to see how the international travel is handled and if it will lead to a spike in Covid again, and if so does Biden impose the travel ban again. Lastly, it will be interesting to see how much this move benefits the economy not just from a travel standpoint, but as a whole as well.
2 comments:
Removing this ban could improve the United State's GDP and growth rate. Airlines will have more business and an increase in flights which would impact GDP rates. Additionally, I know of many friends whose spouses/significant others have been stuck in Europe since the beginning of the ban. Having the return of those families could also somewhat increase GDP growth with consumption. Maybe the increase of travel, tourism, and the return of families will boost growth slightly and improve the economy.
I think it is good that the ban is being lifted because it is showing progress to return back to normalcy. Many people have been affected by this ban because it has been used against many countries. I do wonder how much lifting this ban will affect airlines and the economy. By no means do I think this will hurt the economy/airlines, but I am not sure how much it really benefits it. I do not know if the majority of people are socially ready to be traveling at normal pre-pandemic rates, the monetary benefits of this ban lift still may not be seen for years.
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