The numbers are in, and if you’re in the U.S. travel industry, they are not uplifting.

Inbound tourism numbers from overseas—foreign travellers coming to the U.S.—are down substantially.

That’s due in no small part to the optics associated with the Trump administration’s immigration policies.

America’s share of global long-haul travel has dropped from nearly 14 percent to 11.9 percent.

That translates into a substantial loss of revenue, tax base, and jobs.

Is there any good news? Yes, for Americans who want to travel overseas—discounted airfares will be available almost all year long.

What would have been foreigners’ return seats are now our outbound seats, and the law of supply and demand rules—lower airfares because there are fewer folks flying.

Those lower airfares are expected to continue on foreign routes throughout this year.