US travel spending will plunge in 2020, not fully recover until 2024 -travel group


Airlines have made a renewed push for US$25 billion in assistance after a $25 billion programme of mostly cash grants for payroll approved by Congress in March expired on Sept. 30. American Airlines and United Airlines last month furloughed 32,000 workers.

WASHINGTON: A U.S. travel group said on Tuesday that travel spending is expected to fall by more than $500 billion in 2020 and is not expected to recover to pre-coronavirus levels until 2024.

The U.S. Travel Association projects spending in 2019 will be $617 billion, down from its July forecast of $622 billion, compared with $1.13 trillion in 2019.

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