The U.S. Travel Association says that projections of coronavirus-concerns.html” target=”_self” rel=”nofollow noopener noreferrer”>job losses in the travel industry from the coronavirus-outbreak” target=”_self” rel=”nofollow noopener noreferrer”>coronavirus outbreak are direr than previously thought.
The organization has coronavirus-could-inflict-800-billion-hit-on-travel-industry.html” target=”_self” rel=”nofollow noopener noreferrer”>revised projections, which now show a loss of 5.9 million jobs by the end of April due to declining travel, according to data released Tuesday by the U.S. Travel Association and Tourism Economics.
Last week, the data showed 4.6 million jobs lost to travel declines before May.
Travel supports 15.8 million American jobs in total—employment for one out of every 10 Americans and the loss of this many jobs will more than double the U.S. unemployment rate from 3.5 percent to 7.1 percent by the end of April.
“The coronavirus crisis is hitting the travel economy hard, and it’s also hitting fast,” said U.S. Travel Association president and CEO Roger Dow. “These new figures underscore the extreme urgency of financial relief for travel businesses—83 percent of which are small businesses—so they can keep paying their employees. Not only are workers suffering right now, but if employers are forced to close their doors, it is unknown when or if those jobs will ever come back.”
The association is advocating for several measures in the “Phase III” coronavirus package that is currently being negotiated in Congress. Among their requests are:
—Access to more significant small business loans, and ensure immediate access to retain employees and cover basic costs during the shutdown.
—A Workforce Stabilization Fund to help medium and larger travel businesses retain their workers and remain solvent.
—Tax relief to help mitigate economic losses.
The new U.S. Travel Association data also forecasts an expected loss of $910 billion in travel-related economic output in 2020, which would be seven times the impact of 9/11 and the organization predicts that the slowdown in the travel sector alone will push the U.S. economy into a protracted recession.
“The health crisis deserves the government’s full attention, but the economic crisis will be worse and longer without aggressive action to confront it right now,” Dow said. “Businesses can’t keep their lights on if they don’t have any customers, and they don’t have any customers because of the actions that are necessary to stem the spread of coronavirus. The resulting closures will take the greatest toll on the frontline employees who can least afford to lose their jobs—wait staff, housekeepers, concession workers, etc.
“Robust intervention by the federal government is the only avenue to make sure those outcomes are minimized.”
Comments & Discussion
WTTC Launches Global Safety Stamp to Propel Post-COVID-19 Recovery
The new mark will recognize governments and businesses which have adopted WTTC’s health and hygiene protocols, known as “Safe Travels,” which are backed by the United Nations World Tourism Organization (UNWTO).
Hotels, restaurants, airlines, airports, cruise lines, tour operators, outdoor shops and transportation providers will be able to showcase the stamp once WTTC protocols have been implemented.
Saudi Arabia; Barcelona and Seville, Spain; Portugal and Cancun, Mexico are among the first destinations to adopt the stamp, which recognizes the establishment of protocols based on guidelines from the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC).
“We have learned from past crises that global standard protocols and consistency provide confidence for the traveler. Our new global safety stamp is designed to help rebuild consumer confidence worldwide,” said Gloria Guevara, WTTC President and CEO, in a statement. “We are excited that Saudi Arabia, which is Chair of the G20 tourism group, as well as popular destinations such as Cancun, one of the biggest destinations in the world, Portugal, one of the fastest-growing countries in Europe and the holiday cities of Barcelona and Seville, amongst others, are among the first destinations to back the stamp and implement global standard protocols to recover faster.”
“Now travelers will be able to recognize the businesses and destinations worldwide which have adopted the new set of global protocols that will encourage the return of ‘Safe Travels’ around the world,” she added. “It will, in turn, help the Travel & Tourism sector to reopen for business and move in a coordinated approach.”
“Implementation by governments around the world will restore much-needed confidence in order to restart the Travel & Tourism industry.”
Thailand recently launched the Amazing Thailand Safety and Health Administration (SHA) Certification Program to identify restaurants, hotels, travel agents and other businesses that meet approved COVID-19 hygiene and quality controls.
Comments & Discussion
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