Concise takes on the latest industry research, general association news, and the policy developments and current events that are affecting travel to and within the United States.
The report revealed that the U.S. travel and tourism industry suffered a total GDP loss of $766 billion in 2020, a 41% decrease from the sector’s 2019 GDP contribution of $1.9 trillion.
The March employment report by the U.S. Bureau of Labor Statistics (BLS) measured a slight decline in national unemployment, but despite modest improvements, the U.S. Leisure & Hospitality sector continues to lag.
While the CDC’s new guidance is a welcome development, not all sectors of travel have received consistent guidance related to resuming operations, particularly cruise lines.
This iteration of "By the Numbers" looks at the World Travel and Tourism Council’s annual Economic Impact Report on the losses to the global travel economy in 2020.