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COVID-19 / coronavirus impact on economy

U.S. Lost 5.6 Million Travel-Supported Jobs in 2020

WASHINGTON, D.C. — Travel's economic footprint in the United States shrank 42 percent last year, from $2.6 trillion to $1.5 trillion, according to new...
Profit decline

STR, Tourism Economics Slightly Downgrade U.S. Hotel Forecast

HENDERSONVILLE, Tennessee — Worsened pandemic metrics and assumptions of limited early-year travel led STR and Tourism Economics to slightly downgrade their latest U.S. hotel...
COVID Relief - Closed due to COVID-19

Analysis: Leisure and Hospitality Unemployment Rate Nearly Double the National Average

WASHINGTON, D.C.—According to the latest unemployment figures prepared for the U.S. Travel Association by Tourism Economics, the leisure and hospitality industry has an unemployment...
2020 U.S. Hotel Forecast

STR and Tourism Economics Slightly Upgrade 2020 U.S. Hotel Forecast

HENDERSONVILLE, Tennessee—With leisure demand stronger than anticipated in the fall, STR and Tourism Economics slightly upgraded the final 2020 U.S. hotel forecast just released...
Coronavirus economic impact

Revised Forecast: U.S. Hotel Room Revenue Unlikely to Recover Until 2024

HENDERSONVILLE, Tenn. — Full recovery in U.S. hotel demand and room revenue remains unlikely until 2023 and 2024, respectively, according to the slightly downgraded...
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