The shifting landscape around the pandemic affected travel more than almost any sector of the economy, as concerns about the spread of the virus and changes in travel restrictions and public health guidance led many would-be travelers to hold off…
public health guidance led many would-be travelers to hold off on trips. As a result, industries like air travel and lodging saw much lower than usual demand, and related businesses like restaurants and arts, entertainment, and recreation facilities also suffered. Researchers calculated the percentage change in air transportation and accommodations spending from 2019 to 2020, and ranked states accordingly.
A recovery in travel spending would be welcome news given the dramatic drop brought on by COVID-19. The onset of the pandemic in 2020 sharply reversed an upward trend in travel spending over more than two decades. From 1997 to 2019, annual per capita travel spending—defined as the summation of air transportation and accommodations spending—increased from $504 to $856 in inflation-adjusted dollars.
, and from 2008 to 2009 with the onset of the Great Recession. But from 2019 to 2020, the pandemic set off a historic drop of almost 55% in travel spending, to just $388 per capita.But the rapid drop in travel spendingbased on varying geographic trends in spending on air travel and accommodations. For example, residents of the Midwest and parts of the South tended to be the lowest spenders on travel in both 2019 and 2020, which may be a product of lower incomes in these regions.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DeSantis: 'People Are Trying to Get the Hell Out of These Dumpster Fire States'VICTORY LAP: People are trying to 'get the hell out' of dumpster fire states as Biden's presidency plagues Americans with inflation and soaring gas prices, popular Florida Gov. Ron DeSantis said.
Read more »
Thinning snowpack indicates wider challenge for California, other states across Western USIt's not just that the snowpack is melting. It's how quickly and how early in the year it's happening, 'meaning it's going to be harder to stretch that water supply out to the end of the full dry season.'
Read more »
Not just Florida: States weigh bills banning gender ID and sexual orientation instructionFlorida Republicans have faced backlash for a measure that bans teachers from giving classroom instruction on 'sexual orientation' or 'gender identity' to elementary school children, but similar bills are being weighed and implemented in other states across the country.
Read more »
Texas rig counts jump again as those in other states declineThe number of operating rigs has been rising in recent weeks, coinciding with high oil...
Read more »
Department of Justice warns states not to block gender-affirming care“(The DOJ) is committed to ensuring that transgender youth, like all youth, are treated fairly and with dignity in accordance with federal law,” the letter reads.
Read more »
Texas is among the top 10 most-stressed states, according to Wallethub studyThe Lone Star State was ranked the ninth-most-stressed state in the nation, and ranked second-highest for work-related stress.
Read more »