U.S. Travel Industry Warns Of $910 B Coronavirus Losses: Seven Times 9/11
The losses to the U.S. tourism industry due to the coronavirus are snowballing-make that avalanching-by the day. To the point that the national non-profit organization representing all travel sectors estimates the economic fallout for the country will be seven times worse than 9/11.
Little more than a week ago, the organization, which represents roughly 150 travel-related businesses in the United States, was estimating 4.6 million travel jobs were at risk. That's when tourism industry officials descended on Washington "to seek a government bailout"-as national conventions magazine Meetings Today put it. In less than a week those projections rose to 6 million job losses: reality check, by the end of April.