U.S. Travel Spending Not Expected to Recover to Pre-Covid Numbers Until 2024
Photo Credit: U.S. retail is among the sectors that will lose out on travel spend in 2020. Unsplash / Krisztina Papp
Skift Take
The U.S. travel industry is hurting and there are new numbers to prove how badly.
Total travel spending from both domestic and international travelers in the U.S. is forecast to plunge 45 percent by the end of 2020, and not expected to recover to pre-Covid numbers until into 2024, with international visitor spend maybe until 2025, according to new research from analytics firm Tourism Economics commissioned by the U.S. Travel Association.
Overall travel spending is expected to drop from a record $1.12 trillion in 2019 — a combination of domestic
