Travel Deficit

The term "tourism deficit" refers to a travel balance situation in which

domestic travel expenditures exceed international tourism receipts from
foreign tourists. International tourism receipts are classified as exports,
while international tourism expenditure is classified as imports.

Advanced industrialized nations often experience a travel deficit.

How can the governments of these countries solve this situation?

Due to the difficulties that many countries face as a result of balance of

payments deficits, international tourism receipts can help to alleviate such
imbalances and contribute to the financial resources required for
economic and social development. Less developed countries, for example,
are expected to have a positive travel balance because they are thought to
have greater tourism attractiveness due to lower levels of expenditure.
Policies to reduce a current account deficit include: devaluation of the
exchange rate (making exports cheaper and imports more expensive);
reduction of domestic consumption and spending on imports; and
reduction of domestic consumption and spending on imports (e.g., tight
fiscal policy or higher taxes), Supply-side policies to boost domestic
industry and exports' competitiveness.

A country can use capital imports to close a balance-of-payments deficit.

Capital inflows can help finance a deficit. If the domestic interest rate is
higher than the global rate, capital inflows will occur, and the balance of
payments deficit will be corrected. Travel by citizens typically increases as
a country's fortunes improve and its citizens earn more discretionary
disposable income. Both nationally and internationally it is not only
something that the government can solve, but it is also a personal choice
of every individual.
References:

https://link.springer.com/referencework/

http://www.oas.org/dsd/publications/unit/

https://globaledge.msu.edu/blog/post/55748/the-importance-
of-tourism-on-economies-a#:~:text=Tourism