Covid-19 Pandemic’s Impact on Business Travel Hitting Local Economies

  • 📰 WSJ
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Over one million jobs have been lost due to the decline in travel, and some will take years to return, with corporate trips expected to remain curtailed

delivered a lingering, and possibly permanent, hit to business travel that is likely to weigh on employment and economic growth in some communities for years.the drop in business travel

Domestic and international business travelers in the U.S. directly spent $334.2 billion in 2019, supporting 2.5 million jobs, according to the U.S. Travel Association. But when considering the follow-on effects, it estimates the economic output and jobs supported by business travel were roughly double those figures before the pandemic.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Give each one a shovel and wheelbarrow so they can work on the infrastructure projects.

Four flights a month was plenty, thanks. 😖🙏

2020 sure was a bad time to have a lousy President.

And who do you blame? The virus or the people who is unable to deal with challenges.

It happened because blindly elected their representative

No worries thousands of illegals are on the march toward the southern border. They can fill jobs. They don't want minimum wage either.

hey MrStockBot, can you show me the fundamentals of $LUV?

Remember, then, who's at fault, and don't holler when President Biden does everything he can to save the economy.

It'll take a miracle to keep us away from the greatest depression since the 1930's. I wonder how high gold might be by say, Oct, 2021? That's 9 months away. But, there could be another baby boom generation coming. Aha, there's the miracle.

More anecdotal evidence that this is going to stretch out into a decade long Great Depression.

most business travel will remain at low levels. most leisure business will remain at low levels and local levels. it was bad enough to take off my shoes, now i have to hop, skip and do it while suffocating myself? get real!

Singapore Singapore Latest News, Singapore Singapore Headlines