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.
![A passenger plane landing on a snowy highway at winter evening time.](https://cdn.mos.cms.futurecdn.net/BkTEZYNv829NKUAMm7dugG-415-80.jpg)
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.
![https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-200-80.png](https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-320-80.png)
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.
-
Visa Is the Worst Dow Stock Wednesday. Here's Why
Visa stock is down sharply Wednesday after the credit card company came up short of revenue expectations for its fiscal Q3.
By Joey Solitro Published
-
Another Analyst Moves to the Sidelines on Tesla Stock After Earnings
Tesla stock is spiraling Wednesday after the EV maker's big earnings miss and Wall Street has been quick to weigh in. Here's what you need to know.
By Joey Solitro Published
-
Car Prices Are Finally Coming Down
The Kiplinger Letter For the first time in years, it may be possible to snag a good deal on a new car.
By David Payne Published
-
Kiplinger Special: The Long-Term Future of the U.S. Economy
The Kiplinger Letter Kiplinger's report into what it will take the U.S. to maintain a healthy economic growth rate.
By David Payne Published
-
Landlord With Rental Income? See if You Qualify for a 20% Tax Break
The Tax Letter Many landlords are eligible to take the 20% tax deduction for qualified business income
By Joy Taylor Published
-
Five Ways to Fund Medicare Part A
The Tax Letter Higher taxes can help stave off the projected 2036 insolvency of Medicare's Hospital Insurance trust fund.
By Joy Taylor Published
-
Chinese E-Tailers Are Surging in the U.S. Market: The Kiplinger Letter
The Kiplinger Letter Low costs and cheap shipping enable Temu and others to grab market share.
By Matthew Housiaux Published
-
QCDs Are a Tax-Smart Way for Retirees To Donate to Charity
The Tax Letter With QCDs, retirees can save on taxes by making donations from their IRAs directly to charity. Here's what you need to know about qualified charitable distributions.
By Joy Taylor Published
-
Why Your Electric Bill Will Keep Climbing
The Kiplinger Letter There's no end in sight for energy rate hikes, so look for ways to curb your power use.
By Jim Patterson Published
-
Future U.S. Economic Growth Hinges on Immigrants
The Kiplinger Letter With the native birthrate slipping, employers are increasingly relying on foreign-born workers to staff up.
By David Payne Published