US | Promising vaccine developments reduce downside risk

The global pandemic has significantly impacted the US Travel & Tourism industry, with the country reporting the highest number of coronavirus cases and deaths worldwide. While news of successful vaccine developments presents optimism for the outlook, the number of coronavirus cases in the US remains very high, with the country struggling against the resurgence in new cases. 

What you will learn:

  • International travel to the US is set to fall 79% in 2020, a loss of almost 63mn visitor arrivals. Pre-coronavirus levels will not be reached again until 2025, as a protracted recovery in business travel weighs on the short-term outlook. 
  • Short-haul travel from Mexico and Canada accounted for almost 50% of international arrivals to the US in 2019 and will be fundamental for the international travel recovery. 
  • City travel has also been devastated by the global health crisis, as many tourists have avoided travelling to densely populated areas due to increased risks, while business travel to cities has been affected by the cancellation of MICE events and uptake in digital meetings.

Topics: Travel, United States, Tourism, Coronavirus, North America, Coronavirus vaccine

Promising vaccine developments reduce downside risk - iPad