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US travel spending fell 42%, down US$492 billion in 2020: Industry group

US travel spending fell 42%, down US$492 billion in 2020: Industry group

FILE PHOTO: Passengers arrive on a flight from London amid new restrictions to prevent the spread of coronavirus disease (COVID-19) at JFK International Airport in New York City, U.S., December 21, 2020. REUTERS/Eduardo Munoz

WASHINGTON: Americans spent 42 per cent less on travel in 2020 as US spending fell US$492 billion amid the COVID-19 pandemic, according to an industry group.

US Travel Association said the industry shed 5.6 million direct and indirect jobs last year as the decline in travel cost the US US$1.1 trillion in total economic output, falling to US$1.5 trillion over 2019's US$2.6 trillion. US tax revenue collected from travel also fell by US$57 billion in 2020.

Source: Reuters

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