U.S. Travel Group Sees Lost Sales Of $520 Billion by Year-End
A traveler wearing a protective mask and gloves checks in at San Francisco International Airport in California, on April 2.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
A U.S. travel industry group estimates that lost revenue as a result of the coronavirus pandemic could approach $520 billion by the end of the year, with much of the tourism industry still depressed in December.
The U.S. Travel Association -- which represents airlines and other transportation companies, local attractions, tourism bureaus and other parts of the industry -- released an economic analysis on Monday that said the sector is on track to lose 6.9 million jobs and $83 billion in revenue in April alone as a result of the pandemic and could peak in coming weeks.