On one hand, it is a lot of revenue lost. On the other, it’s also a lot of resources freed up for Americans that would otherwise have been used by foreign tourists. As long as the supply remains the same and the demand drops, prices should get reduced as well. That’s what people understand.
What they don’t understand is that companies expect this to be temporary, and they’d rather have losses they can write off, rather than smaller profits that their investors will be upset about.
On one hand, it is a lot of revenue lost. On the other, it’s also a lot of resources freed up for Americans that would otherwise have been used by foreign tourists. As long as the supply remains the same and the demand drops, prices should get reduced as well. That’s what people understand.
What they don’t understand is that companies expect this to be temporary, and they’d rather have losses they can write off, rather than smaller profits that their investors will be upset about.
What resources are Canadian tourists using that would otherwise go to Americans? I don’t feel deprived of flights to Ottawa…