Travel Industry: Outlook, Impact & Resources
Destination Cleveland is committed to preserving the long-term viability of the travel & tourism and hospitality industries in Cleveland. We are actively advocating for our industry and offer the resources below to help industry partners navigate the uncertain times.
It will take resilience, collaboration and support for one another to get the community back on its feet. We are committed to leading our industry through this crisis and championing recovery efforts to ensure our community emerges as strong as possible.
Travel Sentiment & Outlook
Many industry organizations and others have issued research studies regarding traveler sentiment, consumer behavior, the outlook for the lodging industry, and the effect of COVID-19 on destination marketing. The following studies provide significant insights regarding the state of travel and tourism:
Economic Impact on Tourism Industry
The impact of this global pandemic on the tourism industry is especially significant. Industry reports underscore the need for aggressive and immediate action to preserve the industry. The Oct. 1 weekly travel spending analysis released by the U.S. Travel Association indicates the country’s travel economy losses from the COVID-19 pandemic have exceeded $396 billion since March 1, including a loss of nearly $51 billion in federal, state and local taxes. In Cuyahoga County, Destination Cleveland’s lodging occupancy tax revenue for 2020 is nearly 60 percent down year over year (through July).