Report U.S. Travel Market COVID-19 Update (April 2020)

U.S. Travel Market COVID-19 Update (April 2020)

Published:
April 2020
Research Type:
Article
Figures:
4
Segments:
Air, Car Rental & Ground Transportation, Cruise, Hotels & Lodging, Online Travel Agencies
Regions:
U.S. & Canada
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Summary

Prior to the COVID-19 pandemic, the U.S. travel industry was on a steady growth trajectory, enjoying 10 years of consistent gains. Even though annual growth slowed to just 2% in 2019 due to fears of an economic slowdown, Americans were still planning their vacations – all the way up to mid-March. With the industry at a virtual standstill as of mid-April, there are few ways for travel businesses to salvage the year. No segment has been spared, although each has a unique situation and outlook. This analysis provides an overview of those segments and the U.S. travel industry in general amid the COVID-19 pandemic.

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Analysts
Lorraine Sileo
Lorraine Sileo