For the last decade, the U.S. travel industry has been enjoying an unusually long stretch of growing demand, pushed by a strong economy and relatively cheap jet fuel.that has killed more than 3,300 people and infected tens of thousands more is already projected to inflict billions of dollars in losses, representing the biggest hit to the $8.8-trillion global travel industry since the economic meltdown of 2008-09.
“In my mind, this is worse than the financial crises, but hopefully not as bad as the 9/11 [terrorist attacks] when the whole industry stopped,” said Roger Dow, president and chief executive of the U.S. Travel Assn., the trade group for the country’s travel industry. “The numbers we are losing right now are monstrous.
“Since that time, the virus has spread to over 80 countries and forward bookings have been severely impacted on routes beyond China,” the trade group said in a statement.
garthworld Economic toll of virus sinks in, duration remains an unknown
wavetop The US has botched the handling of this pandemic. How long before US citizens are banned from travelling to foreign countries?
And its only March. We ain't seen nuthin' yet!
But the President just said people would be 'staying in the US and traveling domestically....'
And just about every Cruise Ship Company on the planet is folding, another bonus?, Thousands of job !losses world wide.
mattdpearce would have thought the Boeing 737 Max scandal would have been much worse than it was I guess