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Hurricane Sandy’s cost to the travel industry could go up to $606 million
Tuesday, 29 Oct, 2012
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The Global Business Travel Association is predicting that a hurricane with the strength and breath of Sandy and a peak duration of 1-2 days could cost the travel industry $606 million in lost revenue and about 514,000 trips.
The report also predicts that interrupted business trips could result in a total GDP loss of about $675 million. Potential lost federal, state and local tax revenues could cost $176 million. The eleven East Coast states in the path of the scenario storm could suffer an average business travel spending loss as high as $58 million per day.
Source: Global Business Travel Association
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