WASHINGTON (Reuters) – Americans spent 42% less on travel in 2020 as U.S. spending fell $492 billion amid the COVID-19 pandemic, according to an industry group.
U.S. Travel Association said the industry shed 5.6 million direct and indirect jobs last year as the decline in travel cost the U.S. $1.1 trillion in total economic output, falling to $1.5 trillion over 2019’s $2.6 trillion. U.S. tax revenue collected from travel also fell by $57 billion in 2020.
(Reporting by David Shepardson)
