Greenland, U.S. Plans to Boost Tourist Economy: Kiplinger Economic Forecasts
A U.S. congressional effort could see some Canadian visitors get longer stays, meanwhile, Greenland bids to be the next vacation hotspot.
Many countries around the world rely on tourists and visitors to help keep their economies running. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest...
Good news for Canadians over 50 who own or rent homes in the U.S.
There’s a bipartisan effort in Congress to let Canadian visitors stay longer. The reason: These “snowbirds
” provide a big economic boost to the U.S.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
A House bill would let Canadians over age 50 who own or rent U.S. homes spend up to 240 days annually in the country — two months longer than is now allowed. Lawmakers highlight that Canadians spent over $20 billion in the U.S. in 2019, according to one report. The legislation would prohibit these Canadians from working for a U.S. employer and from being eligible for various forms of public assistance. They must also retain their nonresident tax status.
Despite being mostly uncontroversial, the passage of the bill is not a given. Similar bills introduced in recent years have stalled.
Greenland's push for more tourists
Europe’s next hot vacation spot may be a place known for cold and ice. Greenland is pushing to attract more tourists in the coming years. The island, a territory of Denmark with 57,000 residents, plans to open three airports next year for an influx of visitors, including one in the capital, Nuuk. Flights will soon connect to larger airports in North America and Europe. Cruises to the island are popular, too.
What does Greenland offer? Outdoor adventures are the main attraction: Icebergs and glaciers. Hot springs. Whale watches. Dog sledding. The Northern Lights. Hunting. It’s not a budget destination, but prices are cheaper than at some hot spots.
This forecast first appeared in The Kiplinger Letter, which has been running since 1923 and is a collection of concise weekly forecasts on business and economic trends, as well as what to expect from Washington, to help you understand what’s coming up to make the most of your investments and your money. Subscribe to The Kiplinger Letter.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Sean Lengell covers Congress and government policy for The Kiplinger Letter. Before joining Kiplinger in January 2017 he served as a congressional reporter for eight years with the Washington Examiner and the Washington Times. He previously covered local news for the Tampa (Fla.) Tribune. A native of northern Illinois who spent much of his youth in St. Petersburg, Fla., he holds a bachelor's degree in English from Marquette University.
-
Earnings Season: Live Updates and Commentary
Fourth-quarter earnings season is getting underway, and Wall Street is keeping a close eye on both results and guidance.
By Kiplinger Staff Last updated
-
'Pickleball Tax' Battle Heads to Court
State Tax The pickleball controversy continues as a nonprofit organization takes legal action against “illegal” taxes.
By Kate Schubel Published
-
Three Ways President Trump Could Impact the Economy
The Letter Some of Trump's top priorities could boost economic growth, but others risk fueling inflation.
By David Payne Published
-
10 Predictions for 2025 from The Kiplinger Letter
The Kiplinger Letter As 2025 arrives, here are our top 10 forecasts for the new year.
By Letter Editors Published
-
Europe Faces Economic and Political Headwinds Next Year
The Letter Challenges for Europe: Potential tariffs, high energy prices and more competition from China will weigh on the bloc in 2025.
By Rodrigo Sermeño Published
-
Universal Savings Accounts Are Like Roth IRAs, But With a Twist
The Tax Letter Republican lawmakers and conservative think tanks are proposing a new type of tax-advantaged savings account. Think Roth IRAs, but not just for retirement.
By Joy Taylor Published
-
Don't Sleep on Japan's Economic Transformation
The Letter After almost three lost decades, Japan — one of the world's biggest economies — is finally showing signs of life.
By Rodrigo Sermeño Published
-
Start-ups Trying to (Profitably) Solve the World’s Hardest Problems
The Letter More investors are interested in companies working on breakthrough science to tackle huge societal challenges. The field of deep tech has major tailwinds, too.
By John Miley Published
-
Will lower mortgage rates bring relief to the housing market?
The Kiplinger Letter As mortgage rates slowly come down here's what to expect in the housing market over the next year or so.
By Rodrigo Sermeño Published
-
The Big Questions for AR’s Future
The Letter As Meta shows off a flashy AR prototype, Microsoft quietly stops supporting its own AR headset. The two companies highlight the promise and peril of AR.
By John Miley Published