Travelers to the U.S. must pay a new "visa integrity fee" to visit, but questions remain as to how and when it will be implemented. Here's what we know so far.
Business travel elasticity has traditionally been around 0.4, meaning business travellers will tolerate higher fees with only a small drop in demand. But there would still be a drop.
What no one has mentioned here so far is that the $250 additional visa fee is refundable. But it’s not automatically refunded. You have apply for it after meeting some basic conditions. So for businesses, it’s really a much smaller administrative cost.
So far the process for applying for the refund hasn’t been established. So it’s all a bit of a hot mess still.
Business travel elasticity has traditionally been around 0.4, meaning business travellers will tolerate higher fees with only a small drop in demand. But there would still be a drop.
What no one has mentioned here so far is that the $250 additional visa fee is refundable. But it’s not automatically refunded. You have apply for it after meeting some basic conditions. So for businesses, it’s really a much smaller administrative cost.
So far the process for applying for the refund hasn’t been established. So it’s all a bit of a hot mess still.