• U.S. Travel Declares “Great Travel Depression”

     
    POSTED June 2, 2020
     

The U.S. Travel Association has called the current moment the “Great Travel Depression,” in light of the economic effects resulting from the coronavirus pandemic. Research by Tourism Economics, published by the association, backs up the framing, especially in comparison to other catastrophic events in U.S. history.  

In the year following 9/11 travel spending declined by $57 billion. This year, travel spending is expected to decline by $519 billion – nearly 9 times the loss following the Sept. 11 attacks. 

Through the end of April, 38 percent of all unemployed workers were within the travel industry, according to U.S. Travel. And from the start of the pandemic to May 19, more than half of the country's 15.8 million travel-related jobs were lost.  

As stated on U.S. Travel’s website, “while the economy is in the midst of a recession, the travel industry is in a depression.” 

As the country slowly begins to reopen, state by state, the “Great Travel Depression” should ease, though experts say it must be done safely. Guidelines have been created in preparation for what comes next, including “Travel in the New Normal” by U.S. Travel Association, and the “Stay Safe” initiative by the American Hotel and Lodging Association (AHLA). Adhering to guidelines laid out by such groups, as well as state and national orders, should ensure maximum safety while the economy opens once again.  

The Texas Restaurant Association (TRA) led a coalition of business groups and their communities to drive support to the industry, for SB 8, the federal pandemic relief bill that included $180 million for local hospitality and tourism businesses. 

 

Mohegan Sun Pocono is excited to welcome you back and has ample space and resources to make your next event a huge success! With property-wide safety and wellness initiatives, customizable menus, and physical-distancing floor plans, your guests will enjoy a first-class, in-person experience like never before.

 

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