US travel industry to see 40pc drop in spending, says study | Malay Mail

Domestic US travel spending by US residents will drop to US$583 billion this year from US$972 billion last year. ― IStock.com/AFP pic

Total travel spending, including domestic and international visitors, is projected to fall 45 per cent to US$622 billion, according to research by Tourism Economics, a division of Oxford Economics. The group is lobbying Congress to provide additional support for the travel industry, including expanding the popular Paycheck Protection Program to include organisations that promote tourist or business venues and also provide US$10 billion in grants to provide healthy travel practices.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Study: US travel industry to see 40pc drop in spending | Malay MailWASHINGTON, June 19 — Domestic US travel spending is expected to collapse this year amid the coronavirus pandemic, suffering a 40 per cent decline compared to 2019, while international spending will plunge 75 per cent, according to new research. The report, commissioned by the US Travel...
Source: malaymail - 🏆 1. / 86 Read more »