The US government is focusing on increasing the economic value generated by tourism by encouraging higher spending among visitors, aiming to enhance the sector’s contribution to foreign exchange earnings. This strategy comes as international arrivals to the country continue to grow.
Policy Support for Tourism and Circular Economy
Alongside the rise in international visitors, financial institutions are calling for stronger government policy support and safeguards. These measures are intended to enable lenders to confidently provide funding to businesses operating within the developing circular economy in the tourism sector.
