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Wednesday, June 16, 2021
European Travel Ban Takes 3.21% of Hawaii GDP
By Selected News Articles @ 2:48 PM :: 2621 Views :: Economy, Hawaii Statistics, Tourism

States Hurt the Most by the European Travel Ban

From Wallet Hub, Jun 15, 2021

The summer travel season is approaching, and in a typical year, many states would expect the arrival of tourists from all across Europe, from the United Kingdom to Sweden. Unfortunately, due to the COVID-19 pandemic, residents of the UK, Ireland, and European Schengen area have been barred entry into the country. States will need to account for billions of dollars in economic losses as a result.

It's worth noting that the European travel ban is not specifically correlated with the COVID-19 incidence rate. The U.S. is banning 31 European countries that have a low or extremely low incidence rate. However, it allows entry from at least 27 countries with equal or higher incidence rates than the highest incidence rate registered in one of the 31 European countries. In addition, some countries whose residents are allowed to enter the U.S. are in the midst of a new wave of the pandemic, such as Argentina and the U.A.E.

While the U.S. will be hurt economically by the lack of European tourists, not all states will be impacted equally. In order to determine the states hurting the most from the European travel ban, WalletHub calculated the potential monetary losses based on the number of inbound tourists to each state alongside their total spending, and compared the result to each state’s gross domestic product (GDP).

read … Full Report

Overall Rank  State Impact Score  % of GDP 
5 Hawaii 33.57 3.21%

 

 

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