NM tourism loses $4.3 billion to pandemic

The COVID-19 pandemic has hit New Mexico’s tourism industry hard, with the state projecting a total cost of $4.3 billion in 2020 — and that does not include longer-term losses due to business closures and workers moving elsewhere.

For the legislative session opening in January, Gov. Michelle Lujan Grisham said she will ask lawmakers for a $25 million economic stimulus package to reduce the time required for the industry to recover post-emergency.

In a statement, Lujan Grisham said the appropriation “will expedite our state’s efforts to diversify our economy and get back on track.”

According to the most recent New Mexico employment report, the leisure and hospitality sector has lost 24,500 jobs, an approximately 24.5 percent drop from a year ago.

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