These 4 stunning charts show just how quickly the coronavirus outbreak decimated key US industries
- The coronavirus has started to drive major downturns for key US industries.
- Initial hits to the world's travel and tourism activity have started to bleed into the airline, hotel, and cruise sectors, new data shows.
- Restaurants have also suffered as cities order businesses to conduct only take-out and delivery orders.
- Here are four charts detailing the virus's fallout in the airline, hotel, restaurant, and cruise industries.
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The coronavirus and measures to curb its contagion are slashing into some of the country's biggest industries and threatening recession for the US economy.
Economic activity faces threats from supply chain disruptions and stay-at-home orders across the US. The initial virus-driven hit to tourism dragged travel and tourism industries lower through late February. Intense selling of airline and cruise stocks added to the market's plunge into bearish territory and prefaced the airline industry's request for federal aid.
Actions taken in March have shifted the economic hit to more domestic industries. Restaurant and bar activity tanked after major cities called for residents to avoid being in large groups. The hotel industry also faces a significant slowdown as Americans stay home and tourism grinds to a halt.
The Trump administration has hinted at offering multibillion-dollar loans to ailing industries, but data suggests their downturn has already begun. Here are four charts detailing the coronavirus's hit to the restaurant, hotel, airline, and cruise industries.
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Global airline demand slips
Restaurant bookings bottom out
Hotels see activity plunge
Cruises could take years to recover
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