Published on : Friday, October 2, 2020
The CEOs of 17 of the largest U.S. travel companies joined the U.S. Travel Association in the following statement pleading with leaders in Washington to advance a subsequent round of legislative relief from the economic fallout of the COVID-19 pandemic:
“In the strongest possible terms, we urge Congress and the administration to reach agreement before the election on a relief package that will give travel employers—and the millions of livelihoods they support—a fighting chance to survive.
“We represent an industry that accounts for nearly 40% of all the U.S. jobs that have been lost to the coronavirus pandemic—an absolutely staggering figure. With travel spending in the U.S. projected to drop more than half a trillion dollars this year, travel employers—83% of which are classified as small businesses, including large numbers of our own franchisees—are struggling to keep their doors open. It is unknown when the health crisis will allow the situation to improve on its own.
“Major portions of the travel industry have been unable to access any of the previous rounds of coronavirus-related aid passed by Washington—and for those that have had some relief, it has not been equal to the magnitude of the challenge.
“With each moment that passes without another relief package, more travel businesses are at greater risk of closing their doors forever, with those jobs unable to be restored.
“Comprehensive assistance measures are badly needed, but at a bare minimum there is extreme urgency for a smaller package focusing on enhancements to the Paycheck Protection Program—especially a second draw on funds for eligible businesses.
“If there were ever a moment when American businesses and workers need leadership that transcends politics, it is now. We respectfully request that political leaders engage in a continuous dialogue for however long it takes to achieve action. Failure to do so will almost certainly delay a recovery for years.”
Tags: U.S. Travel Association