The shifting landscape around the pandemic affected travel more than almost any sector of the economy, as concerns about the spread of the virus and changes in travel restrictions and public health guidance led many would-be travelers to hold off…
public health guidance led many would-be travelers to hold off on trips. As a result, industries like air travel and lodging saw much lower than usual demand, and related businesses like restaurants and arts, entertainment, and recreation facilities also suffered. Researchers calculated the percentage change in air transportation and accommodations spending from 2019 to 2020, and ranked states accordingly.
A recovery in travel spending would be welcome news given the dramatic drop brought on by COVID-19. The onset of the pandemic in 2020 sharply reversed an upward trend in travel spending over more than two decades. From 1997 to 2019, annual per capita travel spending—defined as the summation of air transportation and accommodations spending—increased from $504 to $856 in inflation-adjusted dollars.
, and from 2008 to 2009 with the onset of the Great Recession. But from 2019 to 2020, the pandemic set off a historic drop of almost 55% in travel spending, to just $388 per capita.But the rapid drop in travel spendingbased on varying geographic trends in spending on air travel and accommodations. For example, residents of the Midwest and parts of the South tended to be the lowest spenders on travel in both 2019 and 2020, which may be a product of lower incomes in these regions.
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