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While the CARES Act contains a number of hard-fought provisions to provide essential and immediate aid to the travel industry, a crucial problem is emerging with the distribution of funds: relief for destination marketing organizations (DMOs) with a 501(c)(6) tax designation.
The U.S. Travel Association praised the Department of Homeland Security’s Thursday announcement of a one-year REAL ID enforcement delay, but cautioned that a longer extension may be necessary to ensure that implementation won’t further disrupt the already devastated American travel economy.
The U.S. Travel Association President and CEO Roger Dow on Wednesday offered praise for the coronavirus relief package known as the CARES Act, which includes significant priorities championed by the travel industry.
Revised projections show a worsening impact of the coronavirus on the U.S. economy: a loss of 5.9 million jobs by the end of April due to declining travel, according to data released Tuesday by the U.S. Travel Association and Tourism Economics.
More than 6,000 travel industry and related organizations on Friday sent a joint letter to congressional leadership requesting aggressive and immediate financial relief in light of the coronavirus pandemic.