Travel arrangement service industries cut in half in 2021, down by more than three-quarters since 2019
The travel arrangement and reservation services industry group generated $3.5 billion in operating revenue in 2021, a 55.4% fall from 2020. Since 2019, these industries' operating revenues have dropped by 76.0%, a decrease of more than a combined $11 billion in revenue. The pullback was more pronounced in 2021 compared with 2020, mainly because the early winter months of 2020 operated normally. Packaged tours to travel to sun destinations during those winter months make up a significant portion of annual revenue for these industries, particularly for tour operators.
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