While this is a moderate improvement from the winter months, it is more than double that of the industry with the next-highest share of total U.S. job losses.
The same energy, focus and collaboration that made Let’s Go There such a great success will carry the Let’s Meet There campaign through this next chapter.
The report revealed that the U.S. travel and tourism industry suffered a total GDP loss of $766 billion in 2020, a 41% decrease from the sector’s 2019 GDP contribution of $1.9 trillion.
The March employment report by the U.S. Bureau of Labor Statistics (BLS) measured a slight decline in national unemployment, but despite modest improvements, the U.S. Leisure & Hospitality sector continues to lag.
While the CDC’s new guidance is a welcome development, not all sectors of travel have received consistent guidance related to resuming operations, particularly cruise lines.
This iteration of "By the Numbers" looks at the World Travel & Tourism Council’s annual Economic Impact Report on the losses to the global travel economy in 2020.
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