As summer begins, ban on U.S. travel to EU nations is an economic blow
Share Now on:
On Wednesday, after months of lockdown, European nations will start opening their borders to travelers, from a list of countries they judge to have COVID-19 under control.
The U.S. is not on that list.
So, what does that mean for the American travel industry?
Last year, in the month of June alone, the international trade administration says, more than 2 million Americans traveled to Europe.
This year the ban will be a huge economic blow to Europe, and to the U.S. travel industry.
“The transatlantic market is one of the most profitable for the airlines. The European and American airlines have all entered into joint venture agreements, where they share revenue,” said Scott Mayerowitz with the travel website The Points Guy.
And it’s not just airlines. Mayerowitz said travel agents, workers who clean airplanes, airport suitcase handlers and more will all be affected.
Travel analyst David Tarsh predicts some U.S. travelers will now seek domestic adventures.
“So many will be jumping into their cars, and they’ll be driving somewhere,” Tarsh said.
The EU ban will be revised every two weeks. But COVID-19 cases in the U.S. are still on the rise.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.