The American Bus Association, whose members include the motorcoach companies chartered by cruise lines and tour operators, estimates the industry will lose as much as $8 billion due to a halt in travel and new restrictions related to the Covid-19 coronavirus.

Citing a review prepared for the association by John Dunham & Associates, the group said nearly 100% of the charter and tour market has stopped operating. The virtual shutdown comes during one of the busiest periods for chartered coaches.

In addition, the ABA said that scheduled services are down more than 50% and continue to drop. 

“These declines are a direct result of the White House and health officials directing Americans to reduce or eliminate nonessential travel,” the group said in a statement. “Further, the commuter market, which connects workers to larger urban centers is down more than 60% as of March 16 and continues to drop as employees stop coming into their offices.”

The group said the immediate loss of business to the motorcoach and private bus industry is estimated near $4 billion through early June.

If the situation lasts through April, as suggested by President Trump on Monday, those losses could double to $8 billion.

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