The new bipartisan legislation provides much-needed relief and support to the convention, trade show, entertainment, travel and hospitality industries and their workers.
“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. 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. 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.
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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.
“Targeted economic relief for struggling travel-related businesses needs to be a significant priority in America’s broader economic recovery plan. 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