US travel industry to see 40% drop in spending. study

Total travel spending, including domestic and international visitors, is projected to fall 45 percent to $622 billion, according to research by Tourism Economics, a division of Oxford Economics.

The association labeled the downturn"The Great Travel Depression," and said 8.1 million travel jobs have been lost., including expanding the popular Paycheck Protection Program to include organizations that promote tourist or business venues and also provide $10 billion in grants to provide healthy travel practices.

Other sectors also are seeking more support beyond, and a bipartisan group of lawmakers are crafting legislation to help the food services industry, which has been hard hit by the shutdowns and fears of the virus, leaving businesses struggling to attract customers and remain profitable.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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