The travel industry is taking a catastrophic hit. According to a recent analysis by the US Travel Association, COVID-19 has already resulted in a loss of 8 million travel-related American jobs. Additionally, total spending loss on travel in the United States, which includes transportation, lodging, retail, attractions, and restaurants, is expected to top a half a trillion dollars by year end. This projected $502 billion is a 45 percent decrease from last year, and is nine times greater than the impact of 9/11.
