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Study: US travel industry to see 40pc drop in spending | Malay Mail

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WASHINGTON, 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...

A boatload of tourists stand on a boat as it departs from Battery Park in New York August 27, 2015. — Reuters 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.

 

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