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The impact of Covid-19 will on the travel industry will be “nine times worse than 9/11,” the U.S. Travel Association said today.
The trade organization commissioned a report detailing the expected economic damage caused by the infectious disease. The travel sector is bracing for a drop of $519 billion in domestic travel spending, a loss of $80 billion in tax revenue, and more than 42 million fewer travelers visiting the U.S. in 2020 than in 2019.
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