US travel group sees lost sales of US$520b by year-end
A US travel industry group estimates that lost revenue as a result of the coronavirus pandemic could approach US$520b by the end of the year, with much of the tourism industry still depressed in December. The US Travel Association -- which represents airlines and other transportation companies, and other parts of the industry -- released an economic analysis Monday that said the sector is on track to lose 6.9m jobs and $83b in revenue in April alone as a result of the pandemic and could peak in coming weeks. The industry has been particularly hard-hit. Customers aren’t likely to rush to get on crowded planes or enter packed museums even after lockdowns are lifted. The group’s analysis also predicted nearly 43m fewer international travellers to the US in 2020, resulting in nearly $120b in lost revenue. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-04-21/general/us-travel-group-sees-lost-sales-of-us-520b-by-year-end
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US travel group sees lost sales of US$520b by year-end
A US travel industry group estimates that lost revenue as a result of the coronavirus pandemic could approach US$520b by the end of the year, with much of the tourism industry still depressed in December. The US Travel Association -- which represents airlines and other transportation companies, and other parts of the industry -- released an economic analysis Monday that said the sector is on track to lose 6.9m jobs and $83b in revenue in April alone as a result of the pandemic and could peak in coming weeks. The industry has been particularly hard-hit. Customers aren’t likely to rush to get on crowded planes or enter packed museums even after lockdowns are lifted. The group’s analysis also predicted nearly 43m fewer international travellers to the US in 2020, resulting in nearly $120b in lost revenue. <br/>
