USTOA News

USTOA In Insider Travel Report

Published Mar 20, 2020 12:00AM


Leaders From 11 Travel Groups Meet in D.C. to Address COVID-19

The travel and tourism industry is trending to be one of the hardest hit industries as a result of Coronavirus (COVID-19 and the industry will be seeing the effects of this pandemic for months, if not years, to come. Yeterday a group of leaders from 11 travel and tourism associations representing various parts of the industry convened in person and by phone in Washington, D.C., to discuss the key issues facing the industry as a result of the COVID-19 pandemic and to ensure that small businesses are not overlooked as government relief is addressed. The U.S. Department of Commerce was also a part of the discussion.

Travel industry leaders stressed the vital and urgent need of the federal government to take action that is swift, clear in its direction, and provides grants, favorable loans, and other relief mechanisms to address the market failure small businesses face within the travel and tourism industry.

According to a recent U.S. Travel analysis, COVID-19 and the associated travel restrictions will result in an $809 billion hit on the United States economy and a loss of 4.6 million travel-related American jobs this year, nearly doubling the unemployment rate in the U.S. In addition, total spending on travel in the United States, which includes transportation, lodging, retail, attractions, and restaurants, is expected to fall by $355 billion. What is most troubling is that this projected $355 billion is a 31 percent decrease from last year and is six times greater than the impact of 9/11.

Read Full Article Here


SHARE THIS

Latest USTOA Blog Posts


Fireside Chat with Singapore Tourism Board’s Rachel Loh
Fireside Chat with Singapore Tourism Board’s Rachel Loh By: Gina Ng, Vice President, MICE and Leisure Trade, Singapore Tourism Board Americas  Located in the heart of Southeast Asia, Singapore is a vibrant, cosmopolitan, English-speaking city state with a rich tapestry of Asia’s cultures and influences weaved together. With its friendly and passionate population, this forward-thinking… Read More
Dreamy African Honeymoons with Allure, Passion, Enchantment, Love and Intrigue
Dreamy African Honeymoons with Allure, Passion, Enchantment, Love, and Intrigue  By: Lion World Travel Africa is celebrated for its outstanding natural beauty and stunning destinations. It also delivers energy, passion, and splendor. The options are endless when it comes to your dream honeymoon in Africa. A mix of adventure and charm, beach time or active… Read More
Slovenia – Sustainable Diversity on a Plate
Slovenia – Sustainable Diversity on a Plate Slovenia is a Central European pocket-sized country, where short distances speak in its favor and reveal an outstanding diversity which reflects also through gastronomy. Believe it or not, but as many as 24 gastronomic regions and three wine-growing areas with 14 wine-growing districts will welcome you here. But… Read More
USTOA $1 Million
Travelers Assistance Program

A travel vacation should not only be an unforgettable experience, but offer solid peace of mind. That’s why USTOA created a consumer protection fund which protects consumers who book with our Active Members.

Learn More

Our website is set to allow the use of cookies — for more information click here. If you consent to cookies please click "Proceed" or simply continue browsing