California's tourism industry is on track to lose $72.1 billion this year in visitor spending this year -- about half of what it generated last year, according to a newly released report.
A possible recovery won't happen right away, economists say, adding that the economic rebound may take years, as it did after the terrorist attacks of Sept. 11, 2001.
Visit California says the coronavirus emergency has erased 10 years of growth in visitor spending, state and local tax revenue, and the number of jobs created.
A possible recovery won't happen right away, economists say, adding that the economic rebound may take years, as it did after the terrorist attacks of Sept. 11, 2001.
Coronavirus capacity: How Delta is cutting seats to space out passengers
Copyright © 2020 KABC-TV. All Rights Reserved.
"lose" - Google News
May 06, 2020 at 06:26AM
https://ift.tt/35CFcpy
Coronavirus downturn: California's tourism industry projected to lose $72 billion, report says - KABC-TV
"lose" - Google News
https://ift.tt/3fa3ADu https://ift.tt/2VWImBB
Bagikan Berita Ini
0 Response to "Coronavirus downturn: California's tourism industry projected to lose $72 billion, report says - KABC-TV"
Post a Comment