Coronavirus Affect On The Tourism Industry
Key Statistics:
- 94% of tourism businesses have been negatively affected by the COVID-19 crisis
- 77% of travel and tourism businesses are reporting job losses due to COVID-19
- 9% of tourism businesses have shut down as a result of the COVID-19 crisis
The U.S. travel and tourism industry generated over $1.6 trillion in economic output in 2017, supporting 7.8 million U.S. jobs. Travel and tourism exports accounted for 11 percent of all U.S. exports and nearly a third (32 percent) of all U.S. services exports. [1] When travel and tourism are impacted, it’s a huge deal. We surveyed 886 travel & tourism businesses to find out the impact of the coronavirus (COVID-19) on the travel industry. As we expected the overwhelming majority of travel and tourism businesses suffered an adverse effect from the COVID-19 crisis. 94 percent of tourism businesses report having been negatively affected.
Even though their businesses are being devastated by the travel restrictions put in place to stop the spread of COVID-19, the tourism industry overwhelmingly agree (over 79 percent) that Donald Trump was right to stop travel from Europe and other countries.
Methodology
Stratos Jets surveyed 886 travel & tourism businesses between 26th and 30th March 2020. They were made up of international (17%), local (20%), national (33%) and regional (31%) companies from ten sectors across the travel industry. The breakdown of sectors is Accommodation (14%), Adventure and Recreation (9%), Attractions (8%), Events and Conferences (12%), Food and Beverage (8%), Retail (5%), Tourism Services (20%), Transportation (16%), Travel Trade (6%) and Other (3%).
Fair Use Statement
We grant permission to use the images and data found on this page freely. When doing so, we ask that you kindly attribute the creators by linking to (1) StratosJets.com and (2) this page so your readers can learn more about the project and its methodology.
References
[1] https://www.selectusa.gov/travel-tourism-and-hospitality-industry-united-states
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