U.S. looks set to lose 9.2 million jobs in 2020 due to COVID-19 and travel restrictions

U.S. looks set to lose 9.2 million jobs in 2020 due to COVID-19 and travel restrictions

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A staggering 9.2 million jobs could be lost in the U.S. Travel & Tourism sector in 2020 if barriers to global travel remain in place, the World Travel & Tourism Council (WTTC) revealed.

The new figure comes from WTTC’s latest economic modelling, which looks at the punishing impact of COVID-19 and travel restrictions on the Travel & Tourism sector.

According to the latest data, 7.2 million jobs in the U.S. have been impacted. If there is no immediate alleviation of restrictions on international travel, as many as 9.2 million jobs – more than half of all jobs supported by the sector in the U.S. in 2019 – would be lost.

WTTC has identified the four top priorities which should be addressed, including the adoption of a comprehensive and cost-effective testing regime at departure to avoid transmission, the re-opening of key ‘air corridors’ such as between New York and London, and international coordination.

The challenge of restoring safe travels in the new normal is one of the biggest issues facing the U.S. as it grapples with a depressed economy devastated by the COVID-19 pandemic, which has hit the Travel & Tourism sector particularly hard.

The WTTC Economic Impact Report for 2019 revealed that Travel & Tourism contributed $1.84 trillion to the U.S. economy and was responsible for more than one in 10 (10.7%) American jobs.

“In 2019, Travel & Tourism was responsible for almost 17 million jobs, which is more than one in every 10 jobs across the U.S., so it’s vital we recover as many as possible to power the economic recovery of the country. We need to learn to co-exist with this virus and measures should be in place to reactivate both inbound and outbound travel responsibly and avoid further economic and social hardship,” said Gloria Guevara, WTTC President & CEO.

Across North America, WTTC research shows that between 10.8 million and 13.8 million jobs within Travel & Tourism are at serious risk.

“The numbers show that restarting global travel is an absolute must from an economic and jobs standpoint, and it can be done safely by embracing health and safety guidance and technologies, which have been widely deployed across the travel industry. Moving away from quarantines and implementing the practices that we know will work—chief among them rapid, reliable and efficient testing, the universal wearing of masks in public, and the use of contactless technologies—will help restore confidence and growth,” said Roger Dow, U.S. Travel Association President, and CEO.

The resumption of international travel will act as a catalyst to re-energise the global economic recovery. According to WTTC, the four main priorities for the new U.S. administration should be:

  • The re-opening of ‘air corridors’ on vital routes, especially those across the Atlantic to re-establish crucial business travel between major economic hubs.
  • The introduction of a testing regime at airports, with globally recognised standards to avoid exporting and importing the virus.
  • A commitment to ensure safe and seamless travel, with enhanced health and hygiene measures as well as contactless touchpoints.
  • Ensure international coordination to adopt standards that will allow international travel to restart and rebuild consumer confidence.

Original source: WTTC