Government Shutdown Costs U.S. Travel Economy $152 Million Per Day
October 14, 2013 7:03am
WASHINGTON (October 14, 2013) - In a letter delivered today to the President and Congress, the U.S. Travel Association released a new analysis that estimates the partial government shutdown costs the U.S. $152 million a day in economic output due to lost travel-related activity, affecting as many as 450,000 American workers directly or indirectly supported by the travel industry.
"The government shutdown is throttling America's travel sector, which, until now, has been one of the principal drivers of U.S. economic recovery," said U.S. Travel President and CEO Roger Dow. "Every day the government is shut down is another $152 million down the drain and another day of financial insecurity for as many as 450,000 U.S. workers whose livelihoods are supported by travel."
Travel is America's No.1 services export, and the travel industry has added jobs faster than the rest of the economy since the U.S. economic recovery began in 2010. U.S. Travel estimated that the direct, indirect and induced impact of lost travel-related activity due to the partial government shutdown costs the U.S. $152 million a day in economic output. The combined effects of temporary layoffs, reduced wages and fewer hours worked as a result of the shutdown affects as many as 450,000 U.S. workers who are directly or indirectly supported by America's travel economy.
"Shutting down the government is damaging, and every day the government remains closed compounds the very real consequences," said Dow. "America's travel leaders call on the President and Congress to reach an agreement to immediately reopen the government and keep it open."
Tags: government shutdown,
u.s. travel economy,
u.s. travel association
Contact: Cathy Keefe
(O) 202.408.2183, (C) 703.899.7031
Contact: Chris Kennedy
(O) 202.218.3603, (C) 202.465.6635
U.S. Travel Association President and CEO Roger Dow Says Addressing Falling Inbound Travel Needs to Become a National Priority
Travel Trends Index: Domestic Leisure Travel Withstands Harvey and Irma
Travel Trends Index: Slight Uptick Across All Travel Segments
U.S. Travel Statement on New Travel Restrictions
Portions of Travel Trends Index Revised Sharply Downward on New Data
U.S. Travel Association Presents Florida Governor Rick Scott with Distinguished Leadership Award for Commitment to Travel and Tourism
Louisiana's Kyle Edmiston Wins 2017 State Tourism Director of the Year
Workers Who Start in Travel and Tourism Achieve Higher Peak Salary Than Most Industries
Marriott's Arne Sorenson and STR's Randy Smith to Be Inducted into U.S. Travel Hall of Leaders
Travel Trends Index: Int'l Travel to U.S. Continues Strong Showing Post-Executive Order
U.S. Travel Trends Index: International Travel Post-Executive Order Stronger Than Expected
U.S. Travel Industry Rallies Behind Brand USA
Travel Trends Index: International Inbound Travel Shows Signs of Weakness
Wyndham Hotel Group’s Geoff Ballotti Named U.S. Travel National Chair
Travel Trends Index: International Travel Unexpectedly Strong to Start 2017
U.S. Travel Reacts to Trump's Joint Session Address
International Travel to U.S. Finally Returns to Pre-9/11 Levels
Travel Trends Index: Following a Strong 2016, Outlook Improves for Domestic Biz Travel
U.S. Travel Welcomes Senate Confirmation of Rex Tillerson for Secretary of State
U.S. Travel Association Lauds Elaine Chao Confirmation for Secretary of Transportation
Please login or register to post a comment.