'Global, sudden, violent': Travel industry clobbered by coronavirus pandemic, struggles to rebound

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The toll from COVID-19 has turned out to be even worse for the travel industry, the projected timeline for a travel rebound and recovery extended as case counts remain high, restrictions abound and business travel shows few signs of life.

– or $425 million per day – due to the lack of foreign visitors kept at home by the pandemic and international travel bans, according to the U.S. Travel Association, a trade group.

Making matters worse, he said,"Congress kicked the ball down the road – again – on the latest relief package , and Congress has to act now. If they don't, these folks are going to go under and we're not going to get the millions of jobs back or restore the economy." Chip Rogers, the president and CEO of the American Hotel & Lodging Association painted a similarly grim picture: "The next six months are going to be brutal. There's no question about it."

 

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Yet you see same discounts on commercials, as before crisis. what gives

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Source: CNBC - 🏆 12. / 72 Read more »