In my last post, I wrote about the need for the U.S. to do more at the national level to promote travel and tourism. But some in Congress appear to be more intent on discouraging travel – business travel in particular.
The target of their ire is travel by companies receiving emergency federal loans. The problem is that the impact of their declarations hasn’t been limited to the companies in the financial services industry that are receiving government assistance. It is also discouraging responsible business travel as companies seek to avoid the perception that they’re being extravagant in their travel decisions. This is damaging an industry already in a deep recession.
According to the U.S. Travel Association, meetings, events and incentive travel generate $101 billion in spending, $16 billion in taxes and one million jobs annually. Business-related travel overall generates $240 billion in spending, $39 billion in taxes and 2.4 million jobs. Read more »
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