1100 New York Avenue, NW Suite 450 Washington, D.C. 20005 | TEL 202.408.8422 | ustravel.org 1 NATIONAL FINDINGS Travel spending grew for the sixth consecutive week in the week ending June 6 th , again marking its highest level since March. This expansion has seen travel spending increase 75% from its bottom — the week ending April 25 th — but remains severely depressed at about 20% of the average level seen in the weeks leading up to the pandemic. National weekly travel spending rose 7% from the previous week, reaching $4.6 billion. However, this increase merely kept pace with typical seasonal growth as summer weather induces more travel. The travel economy measured 81% below last year’s levels for the week ending June 6 th , registering a $19.1 billion loss when compared to the same week a year ago. Since the beginning of March, the COVID-19 pandemic has resulted in a direct revenue loss of $234 billion for the U.S. travel industry WEEKLY CORONAVIRUS IMPACT ON TRAVEL EXPENDITURES IN THE U.S. JUNE 11, 2020 UPDATE National Weekly Travel Spending ($ billions) $0 $5 $10 $15 $20 $25 Source: Tourism Economics 3/7 3/14 3/21 3/28 4/4 4/11 4/18 4/25 5/2 5/9 5/16 5/23 5/30 $ 15.0 $ 20.3 $ 6.5 $ 4.2 $ 3.6 $ 3.2 $ 2.7 $ 2.6 $ 2.8 $ 3.2 $ 3.3 $ 3.7 $ 4.3 6/6 $ 4.6 National Weekly Travel Spending ($ billions, year-over-year change) -$10 -$5 $0 $5 0% 25% -25% -50% -75% -100% -$15 Net change % change (right) -$20 Source: Tourism Economics 4/11 4/18 4/25 5/2 5/9 5/16 5/23 -86% -88% -88% -87% -86% -85% -83% 5/30 -81% 6/6 -81% Weekly Travel Spending Losses Through June 6 th ($ billions) $0 Source: Tourism Economics Up to 5/9 5/16 5/23 5/30 6/6 Total - $ 159.0 - $ 19.1 - $ 18.7 - $ 18.1 - $ 234.1 - $ 19.1 -$200 -$250 -$150 -$100 -$50
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WEEKLY CORONAVIRUS IMPACT ON TRAVEL EXPENDITURES IN … · 11/06/2020 · National weekly travel spending rose 7% from the previous week, reaching $4.6 billion. However, this increase
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1100 New York Avenue, NW Suite 450 Washington, D.C. 20005 | TEL 202.408.8422 | ustravel.org 1
NATIONAL FINDINGS
Travel spending grew for the sixth consecutive week in the week ending June 6th, again marking its highest level since March. This expansion has seen travel spending increase 75% from its bottom — the week ending April 25th — but remains severely depressed at about 20% of the average level seen in the weeks leading up to the pandemic.
National weekly travel spending rose 7% from the previous week, reaching $4.6 billion. However, this increase merely kept pace with typical seasonal growth as summer weather induces more travel.
The travel economy measured 81% below last year’s levels for the week ending June 6th, registering a $19.1 billion loss when compared to the same week a year ago.
Since the beginning of March, the COVID-19 pandemic has resulted in a direct revenue loss of $234 billion for the U.S. travel industry
WEEKLY CORONAVIRUS IMPACT ON TRAVEL EXPENDITURES IN THE U.S.JUNE 11, 2020 UPDATE
National Weekly Travel Spending ($ billions, year-over-year change)
-$10
-$5
$0
$5
0%
25%
-25%
-50%
-75%
-100%
-$15
Net change
% change (right)
-$20
Source: Tourism Economics
4/11 4/18 4/25 5/2 5/9 5/16 5/23
-86% -88% -88% -87% -86% -85% -83%
5/30
-81%
6/6
-81%
Weekly Travel Spending Losses Through June 6th
($ billions)$0
Source: Tourism EconomicsUp to 5/9 5/16 5/23 5/30 6/6 Total
-$159.0-$19.1
-$18.7-$18.1
-$234.1-$19.1
-$200
-$250
-$150
-$100
-$50
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REGIONAL FINDINGS
Despite moderate increases in spending, losses for the week ending June 6th rose to $3.8 billion in the Northeast, $3.1 billion in the Midwest, $6.6 billion in the South, and $5.7 billion in the West. The modest gains experienced across the country did not surpass the typical seasonal increase in travel spending as summer commences.
Over the past twelve weeks, cumulative losses have tallied $45.0 billion for the Northeast, $37.0 billion for the Midwest, $81.9 billion for the South, and $70.2 billion for the West.
The percentage losses compared to last year for the Northeast (-86%), Midwest (-80%), and West (-82%) remained stagnant. The South (-77%) experienced a one-percentage-point improvement.
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REGIONAL FINDINGS (CONTINUED)
The District of Columbia, Hawaii, and Massachusetts again suffered declines exceeding 90% in the week ending June 6th.
Delaware and Tennessee joined the states with weekly losses of less than 80%; 34 states have now reached that milestone.
States that normally see a relatively high concentration of international travelers and feature large urban centers continue to trail their counterparts. These states’ results for the week ending June 6th were disparate though, as Washington DC recorded improvements, while New York suffered a minor setback.
The continual depressed level of travel spending has caused a loss of $30 billion in federal, state, and local tax revenue since March 1st.
This includes $18.6 billion in federal taxes, $6.9 billion in state taxes, and $4.5 billion in local tax revenue.
Weekly Travel Spending (Week Ending June 6)(%, year-over-year change)
Best 10 MarketsWorst 10 Markets
0%
-20%
-40%
-60%
-80%
-100%
Source: Tourism Economics
National
MS AL SC AK OK MT WY SD ND KSNJ VA WA CA PA NY IL MA DC HI
National Tax Revenue Losses on Travel Spending($ millions, year-over-year change)
Rhode Island -88% -90% -89% -87% -87% -86% -83% -81%
South Carolina -89% -88% -85% -83% -79% -75% -71% -70%
South Dakota -81% -83% -81% -78% -77% -73% -71% -70%
Tennessee -87% -89% -87% -85% -84% -81% -80% -80%
Texas -87% -86% -84% -83% -82% -80% -76% -76%
Utah -89% -88% -87% -85% -83% -79% -76% -77%
Vermont -80% -77% -78% -79% -80% -80% -76% -75%
Virginia -87% -88% -87% -86% -86% -84% -83% -83%
Washington -88% -89% -89% -88% -87% -86% -84% -84%
Washington D.C. -96% -96% -97% -96% -96% -96% -95% -93%
West Virginia -80% -83% -82% -83% -80% -79% -74% -73%
Wisconsin -85% -86% -86% -86% -85% -82% -80% -80%
Wyoming -77% -78% -79% -81% -80% -75% -70% -70%
Puerto Rico -96% -96% -96% -95% -95% -94% -93% -92%
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YEAR-OVER-YEAR NET CHANGE IN WEEKLY FEDERAL TAX REVENUE($ MILLIONS)WEEK ENDING... 4/18 4/25 5/2 5/9 5/16 5/23 5/30 6/6
Alabama -9 -10 -10 -9 -9 -8 -8 -8
Alaska -4 -4 -4 -5 -5 -4 -4 -5
Arizona -27 -26 -26 -25 -25 -24 -22 -24
Arkansas -7 -8 -7 -8 -7 -7 -7 -7
California -209 -208 -206 -202 -201 -198 -193 -205
Colorado -45 -44 -44 -44 -43 -42 -41 -44
Connecticut -15 -16 -15 -15 -15 -15 -15 -16
Delaware -4 -4 -4 -4 -4 -4 -4 -4
Florida -139 -140 -137 -132 -129 -126 -122 -128
Georgia -66 -66 -64 -63 -62 -60 -57 -60
Hawaii -42 -42 -42 -42 -42 -41 -41 -44
Idaho -7 -7 -7 -7 -7 -6 -6 -7
Illinois -82 -83 -84 -84 -84 -83 -82 -87
Indiana -14 -15 -15 -14 -14 -14 -13 -14
Iowa -8 -8 -8 -8 -8 -8 -7 -8
Kansas -7 -7 -7 -7 -7 -7 -6 -7
Kentucky -13 -13 -14 -13 -13 -12 -12 -12
Louisiana -13 -13 -13 -13 -13 -12 -12 -12
Maine -4 -4 -4 -4 -4 -4 -4 -4
Maryland -35 -35 -35 -35 -35 -34 -33 -34
Massachusetts -39 -39 -39 -39 -39 -39 -38 -41
Michigan -34 -35 -34 -33 -33 -31 -30 -32
Minnesota -40 -41 -40 -39 -39 -38 -37 -39
Mississippi -8 -8 -8 -7 -7 -7 -7 -7
Missouri -22 -22 -22 -21 -21 -21 -20 -21
Montana -5 -5 -5 -4 -4 -4 -4 -4
Nebraska -7 -7 -7 -7 -7 -6 -6 -7
Nevada -52 -54 -52 -52 -51 -50 -48 -51
New Hampshire -4 -4 -4 -4 -4 -4 -4 -4
New Jersey -44 -44 -44 -43 -44 -43 -42 -45
New Mexico -6 -6 -6 -6 -6 -6 -6 -6
New York -135 -134 -133 -132 -133 -132 -129 -138
North Carolina -32 -33 -32 -32 -31 -31 -29 -31
North Dakota -3 -3 -3 -3 -3 -3 -3 -3
Ohio -32 -33 -33 -32 -32 -31 -30 -32
Oklahoma -9 -9 -9 -9 -8 -8 -8 -8
Oregon -21 -21 -21 -20 -20 -20 -19 -20
Pennsylvania -42 -43 -42 -42 -42 -41 -40 -42
Rhode Island -3 -3 -3 -3 -3 -3 -3 -3
South Carolina -15 -15 -14 -14 -13 -13 -12 -12
South Dakota -3 -3 -3 -3 -3 -2 -2 -3
Tennessee -31 -31 -31 -30 -30 -29 -28 -30
Texas -113 -112 -110 -108 -107 -104 -100 -105
Utah -13 -13 -13 -13 -12 -12 -11 -12
Vermont -2 -2 -2 -2 -2 -2 -2 -2
Virginia -30 -30 -30 -30 -30 -29 -29 -30
Washington -36 -36 -36 -35 -35 -35 -34 -36
Washington D.C. -21 -21 -21 -21 -21 -21 -21 -21
West Virginia -3 -3 -3 -3 -3 -3 -3 -3
Wisconsin -17 -17 -17 -17 -17 -16 -16 -17
Wyoming -3 -3 -3 -3 -3 -3 -3 -3
Puerto Rico -4 -4 -4 -4 -4 -4 -4 -4
STATE TABLES
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STATE TABLES
YEAR-OVER-YEAR NET CHANGE IN WEEKLY STATE TAX REVENUE ($ MILLIONS)WEEK ENDING... 4/18 4/25 5/2 5/9 5/16 5/23 5/30 6/6
Alabama -5 -5 -5 -4 -4 -4 -4 -4
Alaska -1 -1 -1 -1 -1 -1 -1 -1
Arizona -11 -11 -11 -11 -11 -10 -10 -10
Arkansas -4 -5 -4 -4 -4 -4 -4 -4
California -79 -79 -78 -76 -76 -75 -73 -78
Colorado -9 -9 -8 -8 -8 -8 -8 -8
Connecticut -10 -10 -10 -10 -10 -10 -9 -10
Delaware 0 0 0 0 0 0 0 0
Florida -56 -56 -55 -53 -51 -50 -49 -51
Georgia -18 -18 -18 -17 -17 -16 -16 -17
Hawaii -19 -19 -19 -19 -19 -19 -19 -20
Idaho -3 -3 -3 -3 -3 -3 -3 -3
Illinois -28 -28 -28 -28 -28 -28 -28 -29
Indiana -7 -7 -7 -7 -7 -7 -7 -7
Iowa -6 -6 -6 -6 -6 -6 -5 -6
Kansas -4 -4 -4 -4 -4 -4 -4 -4
Kentucky -6 -6 -6 -6 -6 -5 -5 -5
Louisiana -7 -7 -7 -6 -6 -6 -6 -6
Maine -2 -2 -2 -2 -2 -2 -2 -2
Maryland -11 -11 -11 -11 -11 -11 -10 -11
Massachusetts -12 -13 -13 -13 -13 -12 -12 -13
Michigan -17 -18 -18 -17 -17 -16 -16 -17
Minnesota -15 -15 -15 -15 -15 -14 -14 -15
Mississippi -5 -6 -6 -5 -5 -5 -5 -5
Missouri -7 -7 -7 -7 -7 -7 -7 -7
Montana -1 -1 -1 -1 -1 -1 -1 -1
Nebraska -3 -3 -3 -3 -2 -2 -2 -2
Nevada -17 -18 -17 -17 -17 -16 -16 -17
New Hampshire 0 0 0 0 0 0 0 0
New Jersey -17 -17 -17 -16 -16 -16 -16 -17
New Mexico -5 -5 -5 -5 -5 -5 -5 -5
New York -38 -38 -38 -37 -38 -37 -37 -39
North Carolina -15 -16 -15 -15 -15 -15 -14 -15
North Dakota -1 -1 -1 -1 -1 -1 -1 -1
Ohio -15 -15 -15 -15 -15 -15 -14 -15
Oklahoma -5 -6 -5 -5 -5 -5 -5 -5
Oregon -3 -3 -3 -3 -3 -3 -3 -3
Pennsylvania -18 -19 -18 -18 -18 -18 -17 -18
Rhode Island -1 -1 -1 -1 -1 -1 -1 -1
South Carolina -11 -11 -10 -10 -10 -9 -9 -9
South Dakota -1 -2 -1 -1 -1 -1 -1 -1
Tennessee -14 -14 -14 -14 -13 -13 -13 -14
Texas -37 -37 -36 -36 -35 -34 -33 -35
Utah -7 -7 -6 -6 -6 -6 -6 -6
Vermont -1 -1 -1 -1 -1 -1 -1 -1
Virginia -13 -13 -13 -13 -13 -13 -13 -13
Washington -8 -8 -8 -8 -8 -8 -7 -8
Washington D.C. 0 0 0 0 0 0 0 0
West Virginia -3 -3 -3 -3 -3 -3 -3 -3
Wisconsin -8 -8 -8 -8 -8 -8 -8 -8
Wyoming -1 -1 -1 -1 -1 -1 -1 -1
Puerto Rico 0 0 0 0 0 0 0 0
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STATE TABLES
YEAR-OVER-YEAR NET CHANGE IN LOCAL TOTAL TAX REVENUE ($ MILLIONS) WEEK ENDING… 4/18 4/25 5/2 5/9 5/16 5/23 5/30 6/6
Alabama -2 -2 -2 -2 -2 -2 -2 -2
Alaska -1 -1 -1 -1 -1 -1 -1 -1
Arizona -6 -6 -6 -6 -6 -5 -5 -5
Arkansas -2 -2 -2 -2 -2 -2 -2 -2
California -50 -50 -49 -48 -48 -47 -46 -49
Colorado -7 -7 -7 -7 -7 -7 -7 -7
Connecticut -2 -2 -2 -2 -2 -2 -2 -2
Delaware 0 0 0 0 0 0 0 0
Florida -40 -40 -39 -38 -37 -36 -35 -37
Georgia -10 -10 -10 -10 -10 -9 -9 -10
Hawaii -4 -4 -4 -4 -4 -4 -4 -5
Idaho -1 -1 -1 -1 -1 -1 -1 -1
Illinois -12 -12 -13 -13 -13 -12 -12 -13
Indiana -3 -3 -3 -3 -3 -3 -3 -3
Iowa -1 -1 -1 -1 -1 -1 -1 -1
Kansas -2 -2 -1 -1 -1 -1 -1 -1
Kentucky -2 -2 -2 -2 -2 -2 -2 -2
Louisiana -3 -4 -4 -3 -3 -3 -3 -3
Maine -1 -1 -1 -1 -1 -1 -1 -1
Maryland -8 -8 -8 -8 -8 -8 -7 -8
Massachusetts -7 -8 -8 -8 -8 -8 -7 -8
Michigan -3 -4 -4 -3 -3 -3 -3 -3
Minnesota -6 -7 -6 -6 -6 -6 -6 -6
Mississippi -2 -2 -2 -2 -2 -2 -2 -2
Missouri -4 -4 -4 -4 -4 -3 -3 -4
Montana -1 -1 -1 -1 -1 -1 -1 -1
Nebraska -1 -1 -1 -1 -1 -1 -1 -1
Nevada -17 -18 -17 -17 -17 -16 -16 -17
New Hampshire -1 -1 -1 -1 -1 -1 -1 -1
New Jersey -9 -9 -9 -9 -9 -9 -9 -9
New Mexico -1 -1 -1 -1 -1 -1 -1 -1
New York -60 -59 -59 -59 -59 -58 -57 -61
North Carolina -9 -9 -9 -9 -9 -9 -8 -9
North Dakota -2 -2 -2 -2 -2 -2 -2 -2
Ohio -9 -9 -9 -9 -9 -9 -8 -9
Oklahoma -3 -3 -3 -3 -3 -3 -3 -3
Oregon -3 -3 -3 -3 -3 -3 -2 -3
Pennsylvania -8 -8 -8 -8 -8 -8 -8 -8
Rhode Island 0 0 0 0 0 0 0 0
South Carolina -5 -5 -5 -5 -5 -5 -4 -5
South Dakota -1 -1 -1 -1 -1 -1 -1 -1
Tennessee -7 -8 -7 -7 -7 -7 -7 -7
Texas -24 -24 -23 -23 -22 -22 -21 -22
Utah -2 -2 -2 -2 -2 -2 -2 -2
Vermont -1 -1 -1 -1 -1 -1 -1 -1
Virginia -9 -9 -9 -8 -8 -8 -8 -9
Washington -5 -5 -5 -5 -4 -4 -4 -5
Washington D.C. -12 -12 -12 -12 -12 -12 -12 -12
West Virginia -1 -1 -1 -1 -1 -1 -1 -1
Wisconsin -3 -3 -3 -3 -3 -3 -3 -3
Wyoming -1 -1 -1 -1 -1 -1 -1 -1
Puerto Rico -6 -6 -6 -6 -6 -6 -6 -6
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This analysis was conducted by Tourism Economics, an Oxford Economics Company, with data inputs from STR, Airline Data Inc, the Transportation Security Administration, and the U.S. Travel Association.
About the U.S. Travel AssociationThe U.S. Travel Association is the national, non-profit organization representing all components of the travel industry that generates $2.6 trillion in economic output. It is the voice for the collective interests of the U.S. travel industry and the association’s 1,350 member organizations. U.S. Travel’s mission is to promote and facilitate increased travel to and within the United States. For more information, visit www.ustravel.org.
About Tourism EconomicsTourism Economics is an Oxford Economics company with a singular objective: combine an understanding of the travel sector with proven economic tools to answer the most important questions facing our clients. More than 500 companies, associations, and destination work with Tourism Economics every year as a research partner. We bring decades of experience to every engagement to help our clients make better marketing, investment, and policy decisions.
The U.S. Travel Association and Tourism Economics wish to thank the following organizations for their significant contributions:
Airline Data Inc has been considered the Gold Standard for supplying quality U.S. commercial airline data for over 30 years. Our online tool, The Hub, delivers detailed airline schedules, leakage, and full passenger itinerary data on one platform – all at cost-effective rates. Clients agree that our proprietary reconciliation process instills a high level of confidence in understanding market dynamics that are not found in data provided by other vendors.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. We deliver data that is confidential, accurate and actionable, and our comprehensive solutions empower our clients to strategize and compete within their markets.