travel sector
More Than 197M Travel & Tourism Jobs Will Be Lost Due to Prolonged Travel Restrictions
June 10, 2020
• WTTC says Governments must act now to save the sector • Prolonged travel restrictions and lack of urgency will result in the loss of $5.5 trillion in T&T GDP • Worst-case scenario can be avoided if governments around the world follow four-point plan for recovery and start easing restrictions now, ahead of the summer London, UK: More than 197 million jobs could be lost in the global Travel & Tourism sector if barriers to global travel, such as blanket anti-travel advisories and quarantine measures remain in place, according to new research from the World Travel & Tourism Council (WTTC). T...
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...
