Travel Industry Praises New Hospitality Jobs Bill

Travel Industry Praises New Hospitality Jobs Bill

By Onlykhabar News Media Fri 16 October, 2020 ( about 5 years ago ) 🎤635 Viewerstravel

The Leisure & Hospitality industry has suffered nearly 40 percent of all job losses nationwide.

ASTA strongly supports the bipartisan Hospitality and Commerce Job Recovery Act, which among other things would create new tax incentives for convention and trade shows, expand the Employee Retention Tax Credit and provide tax credits to Americans who spend money on travel through 2023. We commend Senators Cortez Masto and Cramer for their comprehensive approach here, and stand ready to fight for its inclusion in the next COVID-19 relief bill,” said Eben Peck, executive vice president, advocacy, at ASTA.

It will provide immediate benefits to many of our members–which is welcome as many of the CARES Act relief programs have run dry–while stimulating the recovery of the travel industry, the health of which is central to the overall U.S. economy.  The U.S. Travel Association also released a statement noting that this relief is much-needed in an industry that has been hit harder than most. The bipartisan Hospitality and Commerce Job Recovery Act includes a number of crucial measures to provide much-needed economic stability to millions of Americans whose livelihoods rely on travel and tourism while also helping drive demand to more quickly bring back the jobs that have been lost to the pandemic,” read the statement. “Targeted economic relief for struggling travel-related businesses needs to be a significant priority in America’s broader economic recovery plan. 

“The Leisure & Hospitality industry has suffered nearly 40 percent of all job losses nationwide, and a staggering 50 percent of all travel-supported jobs will be lost by the end of December if there is no federal intervention to provide aid.  “Sen. Catherine Cortez Masto and Sen. Kevin Cramer are to be commended for introducing this important piece of jobs legislation, and we urge policymakers to consider this bill or include its policy measures in a broader legislative relief package.” 

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By Onlykhabar News Media Fri 16 October, 2020 🎤635 Viewerstravel
TAGS: Washington Dc Travel
Travel Industry Praises New Hospitality Jobs Bill

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