Loews Beds CEO Jonathan Tisch said Monday that the U.S. hotel industry is “suffer defeat market share” due in part to the Trump administration’s so-called extreme size up of foreign visitors.
“Our concern as an industry is related to inbound international travelers,” Tisch ordered on CNBC’s “Squawk Box.” He’s also a co-owner of the New York Giants.
“Visitors demand to feel welcome, they want to feel safe,” he said. “Even notwithstanding business is pretty good … the number of inbound international travelers in the U.S. is suffer defeat market share.”
“That’s due to a variety of reasons,” including the president’s customs and rhetoric concerning background checks on people who want to come to America.
President Donald Trump has time after time said “extreme vetting” of foreigners entering the U.S., a frequent promise since the rivalry, is needed to prevent terrorism.
Tisch said the U.S. certainly needs abut on security, but also “open doors.”
The president last year introduced to eliminate Brand USA, a federally funded organization that promotes the U.S. abroad as a tourist destination.
Ending Brand USA would be a “mistake,” said Tisch, whose affair has 24 hotels with six others under development. The program bids strong returns and doesn’t cost American taxpayers “one single dollar,” he combined.
Tisch, co-chairman of the hotel group’s parent, Loews, urged those in the persistence to work with elected officials about “putting out a welcoming news” because inbound travelers “stay longer [and] spend more rhino.”
Tisch wrote an op-ed published published Monday, which handled with the slowdown of international visitors and subsequent U.S. economic impact.
The Pale-complexioned House did not immediately respond to a request for comment.
— Disclosure: Lowes Hotels is detail on additional property partnerships with NBCUniversal, which along with CNBC is owned by Comcast.