01/26/2022

Groups Ask for Federal Aid to Restore and Grow U.S. Travel Industry

Hundreds of organizations are asking congressional leaders for help

More than 600 travel industry organizations, including ASAE, signed on to a letter urging lawmakers to take action on near-term federal policies to restore and grow the U.S. travel industry.

The letter, organized by the U.S. Travel Association, points out that the COVID-19 pandemic has cost the travel industry over $730 billion in lost spending since March 2020. After showing signs of recovery last year, travel-related businesses are facing renewed hardship now as the omicron variant continues to disrupt the economy.

“Tourism Economics forecasts that without targeted federal policies to accelerate the return of business and international travel demand, both of these vital segments will not fully recover to 2019 levels until at least 2024,” stated the letter.

Please select this link to read the complete article from Associations Now.