Travel from Europe to the U.S. is declining sharply, and transatlantic airfares have fallen to pre-pandemic levels as the impact of the Trump administration’s immigration and border policies, tariffs and hostility toward longtime allies weighs on inbound tourism to the U.S.

Aviation analytics firm OAG is projecting a 13 percent year-over-year decline in travel from Europe to the U.S. in July based on forward-booking data, while Cirium reported that round-trip economy airfares fell an average of 7 percent in the first quarter of 2025.

Lower airfares are good news for travelers looking to visit Europe, but fewer Americans appear to be interested in traveling overseas. The European Travel Commission (ETC) recently reported a 7 percent decline in the number of Americans who have expressed an intention to travel to Europe this summer, with “rising costs and political concerns, including unease over how the U.S. is perceived abroad, dampening enthusiasm,” according to the ETC.

“Travel sentiment is strongest among Americans from the Northeast (43 percent vs. 33 percent in the total sample), a region that typically leans Democratic and diverges politically from [President Donald] Trump,” the report noted.

Decreased demand on both sides of the Atlantic is driving airlines to cut lower fares. In May 2025, the U.S. International Trade Administration reported a 4.4 percent decline in travel from Western Europe to the U.S.

Travel Hopper, a travel booking site, put a more positive spin on Europe travel trends, reporting in its summer 2025 International Travel Guide that flights between the U.S. and Europe have risen 4.3 percent compared to summer of 2024, and that Europe remains the top destination for U.S. travelers.

“Airfare from the U.S. to Europe is averaging $817 per ticket this summer, down 10 percent compared to prices last year, or about $96 per ticket,” according to Travel Hopper. “Fares are in line with prices available to Europe in the summer of 2019, marking a return to pre-pandemic pricing for travel to Europe.”