travel economy
Federal Government Shutdown Would Cost U.S. Travel Economy $140 Million Per Day According to U.S. Travel Association Analysis
U.S. Travel Association | September 21, 2023
Six in 10 Americans would cancel or avoid trips by air in the event of a government shutdown WASHINGTON (September 21, 2023)—A federal government shutdown is estimated to cost the U.S. travel economy as much as $140 million a day, according to new analysis for the U.S. Travel Association—underscoring the dire consequences of Congress failing to pass a short-term extension by September 30. “Each day that passes will cost the travel economy $140 million, an unacceptable prospect that Congress must avoid before the clock runs out and the damages mount,” said U.S. Travel Association President and CEO Geoff Freeman. “The federal gove...
U.S. Travel Unveils Tool to Measure Tourism’s Impact on State Economies
U.S. Travel | March 8, 2018
Increases or decreases in visitors can have a significant impact on public services WASHINGTON (March 8, 2018)—Amid calls by some state lawmakers to cut state and destination marketing budgets, the U.S. Travel Association today released the Travel Economic Impact Calculator (TEIC), a tool designed to show the direct impact of an increase or decrease in traveler spending on a state's economy—and how travel-generated tax revenues directly supports public sector jobs—like firefighters, police officers and public school teachers. Travel promotion plays an integral role in driving tourism to destinations. Increased inv...
Shutdown Would Cost U.S. Travel Economy At Least $185M per Day
U.S. Travel Association | September 22, 2015
530,000 American Workers Would Be Affected WASHINGTON (September 22, 2015)—A federal government shutdown would cost the U.S. travel sector at least $185 million per day in economic output due to lost activity and affect 530,000 travel-related jobs due to temporary layoffs, reduced wages and fewer hours worked, economists at the U.S. Travel Association project. The U.S. Travel projection encompasses the closure of national parks and historic sites—upon which many regional economies greatly depend—and also the cancellation of both government travel and private business travel related to government projects. "Politic...