Source: Hotel Management
By Jena Tesse Fox
March 7, 2021
On Saturday, the United States Senate passed President Joe Biden’s $1.9 trillion American Rescue Plan by a party-line vote of 50-49. Passage of the bill came after the Senate remained in session for more than 24 hours of votes.
Ahead of the weekend passage, other industry groups urged Congress to approve the bill, highlighting measures that would support hospitality and travel businesses. “The American Rescue Plan not only supports hoteliers and their employees with much-needed economic assistance, it also lays the groundwork for a quicker recovery,” said AAHOA President and CEO Cecil P. Staton. “The additional funding for [the]Paycheck Protection Program, Economic Injury Disaster Loan grants through [the Small Business Administration]and grants for destination marketing organizations are critical measures that help the hospitality industry right now as we work towards recovery. America’s hotels need people to start traveling again for a true recovery to begin. ARP includes billions for increased testing and a rapidly expanded vaccine rollout, which will bolster consumer confidence about the safety of resuming some pre-pandemic activities such as leisure and business travel. America’s hoteliers appreciate the Biden administration’s spearheading this stimulus package and their efforts to initiate a speedy recovery.”