WTTC Reveals U.S. Travel & Tourism Sector Suffered Loss of $766 Billion in 2020

WTTC | April 19, 2021

MIAMI, FL - April 15, 2021 - The annual Economic Impact Report (EIR) from the World Travel & Tourism Council (WTTC) today revealed the U.S. Travel & Tourism sector suffered a significant loss of $766 billion* in 2020. In 2019, the U.S. Travel & Tourism sector accrued a GDP of nearly $1.9 trillion. However, WTTC’s research found that in 2020, a year in which the COVID-19 pandemic devastated the industry, the country saw a 41% decrease to the sector’s GDP contribution. With the U.S. being the largest Travel & Tourism economy in the world, the country’s recovery plays an important role in the rebound of the sector on a g...