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The new Covid relief bill’s second round of Paycheck Protection Program loans is expected to be a lifeline for many within the hospitality industry. Photo Credit: VTT Studio/Shutterstock.com
According to American Hotel & Lodging Association (AHLA) CEO Chip Rogers, Congress $900 billion Covid-19 relief bill should help buoy the U.S. hospitality industry through spring, with enhancements made to the Paycheck Protection Program (PPP) and several key tax provisions expected to have significant positive impact for hoteliers. Most in our industry believe that if they can just make it to May of next year, that s when leisure travel will probably pick up at a significant pace, Rogers said. [This bill] will definitely help. If they can just make it to May, they should be okay.