North Carolina Restaurant & Lodging Association Statement on Federal Pandemic Relief Bill yesweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yesweekly.com Daily Mail and Mail on Sunday newspapers.
More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more
Leaders of both houses of Congress Sunday night signaled they averted further gridlock and struck a deal in providing $900 billion in additional coronavirus economic relief.
While the airline industry is the travel sector’s largest beneficiary from the potential deal, hotels are also on track to get their biggest aid request.
Exact details of the bill were still trickling in Sunday night, but House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell confirmed the deal on social media.
Congress reached a deal for $15 billion in additional payroll relief to the airline industry. While $10 billion less than requested, the package is as close to a so-called “clean extension” of the initial funds included in the relief measure from earlier this year as could be expected after more than two-months of wrangling in Washington.
Fewer Americans plan to travel this holiday season siouxcityjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siouxcityjournal.com Daily Mail and Mail on Sunday newspapers.
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With Upwards of 70% of Americans Not Traveling for Christmas, Hotel Industry Braces for More Pain
As the industry continues to plead to Congress for help, they say 71% of hotels will not be able to last another six months without immediate assistance and the entity reports that “every hour Congress doesn’t act, hotels lose 400 jobs, with up to 3 million permanent jobs lost.”
December 20, 2020
As the hotel industry continues to face record job loss amid the pandemic, advocates for the industry are once again calling on Congress for relief.
According to a American Hotel & Lodging Association (AHLA) survey, 71% of hotels will not be able to last another six months without immediate assistance and the entity reports that “every hour Congress doesn’t act, hotels lose 400 jobs, with up to 3 million permanent jobs lost.”
More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more
Congress inched closer Friday to striking a deal on another round of coronavirus economic relief, but one of the hotel industry’s requested provisions was left out.
Democrats and Republicans appeared ready this week to compromise on a roughly $900 billion coronavirus relief bill that would reopen the Paycheck Protection Program of government-backed small business loans, send a second round of direct payments to most Americans, and extend unemployment benefits.
While the hotel industry lobbied for further PPP funding since the initial program expired at the end of June, another one of its requests liability protection against coronavirus exposure claims is not expected to be included in the emerging deal. But hospitality lawyers say this isn’t a massive slight to the industry.