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Fox Business News: Coronavirus Brings Tour Bus Industry to a Halt, Costing Companies Millions
Coronavirus Brings Tour Bus Industry to a Halt, Costing Companies Millions
Fox Business News
By Jeanette Settembre
June 15, 2020
“Even though travel and hospitality are starting to open up, this segment of the industry will not open up nearly at the same pace — we’re looking at a three- or four-year recovery,” Peter Pantuso, president and CEO of the American Bus Association said, noting capacity restrictions will inevitably result in rate cuts. “If you can only put 25 people on a 50 passenger bus, you cannot run a bus at the same rate for very long.”
