US Economy: Postponed travel (also to Europe) cost U.S. economy $26.5B in past year, industry study shows - by Mike Sunnucks
Postponed travel (also to Europe) cost U.S. economy $26.5B in past year, industry study shows - by Mike Sunnucks
U.S. consumers put off 41 million flights during the past year because of frustrations with airlines, airports and security lines, according to a study by the Travel Industry Association. The industry group, which represents travel agents, reported that those avoided trips cost the U.S. economy $26.5 billion over the past 12 months, including lost sales for airlines and travel-related businesses as well as lost tax revenue.Business travelers and tourists have been affected by long security lines and airlines that have been cutting some flights, overbooking others, and imposing new fees and charges while wrestling with high jet fuel prices.
Labels: Tourism, US Economy
