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U.S. Travel urges passage of STEP Act to support tourism industry

from TravelPulse

U.S. Travel urges passage of STEP Act to support tourism industry TravelPulse U.S. hotels are beginning to reopen following coronavirus-related shutdowns, but until a vaccine or accepted treatment is widely available, the recovery is almost certain to hit a roadblock.Group business and convention travel do more than contribute to a hotel’s occupancy and revenue per room figures. These types of bookings also fuel profitability in an array of revenue streams and amenities at a property. A group of U.S. Senators led by Catherine Cortez Masto (D-Nev.) has introduced bipartisan legislation to provide economic support for organizations involved in promoting and hosting tourism, travel and other special events to ensure a safe recovery. The Sustaining Tourism Enterprises During the COVID–19 Pandemic (STEP) Act would authorize $10 billion in funding through the Economic Development Administration (EDA) to provide grants for tourism and event entities impacted by the coronavirus crisis. READ MORE

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