Lack of European tourists may cost Utah 2.3 percent of its GDP this year

Personal finance website WalletHub has released a study that quantifies the financial losses due to the lack of European tourists in the United states due to the COVID-19 pandemic and related travel bans. According to the report, Utah stands to lose as much as 2.3 percent of its gross domestic product (GDP) from the lack of Europeans visiting the state this year.

The WalletHub study, “States Hurt the Most by the European Travel Ban,” 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 GDP.