The U.S. Travel Association has revealed the fiscal impasse in the United States caused a USD$2.2 billion total loss in travel-related spending.
Reopening the federal government ended the estimated loss of USD$152 million per day in travel-related economic output and provide increased financial security to as many as 450,000 American workers who are supported by travel. Travel is America’s No.1 services export, and the travel industry has added jobs at a rate three times faster than the rest of the economy since recovery began in 2010.
Though services such as security screening and air traffic control were largely unaffected by the shutdown, the closure of national parks and historic sites severely harmed the many local economies that depend upon visitors to those destinations.
During the shutdown, countries such as Germany, the U.K. and China—which together account for more than five million visitors to the U.S. annually—issued warnings to their citizens about possible shutdown-related problems and delays when traveling to and within the U.S. Dow warned that the shutdown likely will have long-term consequences for the United States’ brand in the competitive international travel market.
“Economies hate uncertainty,” said U .S. Travel President and CEO Roger Dow. “Now that the shutdown has been concluded, the best thing our federal policymakers can do for our economy is to pursue a long-term fiscal plan that includes commitments to invest in our country’s aging travel infrastructure.”