It has been predicted that spending on travel will plunge to 45 per cent at the end of this year due to the current health crisis.
According to the US Travel Association by Tourism Economics, domestic travel will plunge 40 per cent, down from $972 billion in 2019 to $583 billion in 2020. International travel spending is expected to drop 75 per cent from $155 billion to $39 billion.
US Travel Association Executive Vice President for Public Affairs and Policy, Tori Emerson Barnes, said: "The data is telling us that travel and tourism has been more severely damaged than any other U.S. industry by the economic fallout of the health crisis. Given that travel employed one in 10 Americans and was the No. 2 U.S. export before the pandemic, supporting this industry through to the recovery phase ought to be a national priority. Our asks for lawmakers are substantial, but they're also simple: we need relief, protection, and stimulus for the travel industry to make it past the worst of the crisis and help power an economic recovery."