Skip to content

Search

Latest Stories

USTA holds ‘Virtual Hill Week’ to press for more federal aid to travel sector

The association forecasts a 45 percent overall decline in travel spending by the end of the year

DESPITE SOME RECENT upticks in travel, the U.S. is expected to see a 45 percent decline in travel spending this year, according to a study from the U.S. Travel Association. To try to stem the losses, USTA is holding a “Virtual Hill Week” to connect members to lawmakers to raise more federal financial support.

Domestic travel spending is forecast to drop 40 percent from $972 billion in 2019 to $583 billion in 2020, according to USTA, and international inbound spending is expected to fall 75 percent from $155 billion to $39 billion. Total domestic trips taken by U.S. residents are expected to fall 30 percent from last year to 1.6 billion, the lowest figure since 1991 during a previous recession.


“The data is telling us that travel and tourism has been more severely damaged than any other U.S. industry by the economic fallout of the health crisis,” said Tori Emerson Barnes, USTA’s executive vice president for public affairs and policy. “Given that travel employed one in 10 Americans and was the No. 2 U.S. export before the pandemic, supporting this industry through to the recovery phase ought to be a national priority. Our asks for lawmakers are substantial, but they’re also simple: we need relief, protection, and stimulus for the travel industry to make it past the worst of the crisis and help power an economic recovery.”

For “Virtual Hill Week” this week, nearly 300 industry members will participate in 75 online meetings with lawmakers in both the House and Senate. The topics of virtual discussion will include:

  • Extending Paycheck Protection Program eligibility to destination marketing organizations that are currently ineligible for aid because they carry a non-profit or quasi-governmental designation.
  • Tax incentives for restarting the travel economy, including a temporary travel tax credit; restoring the business entertainment deduction; support for the meetings and events sector; and tax credits for personal protective equipment and facilities sterilization.
  • Protection from frivolous COVID-19 related lawsuits for businesses that follow proper health and safety guidelines.
  • A federal backstop for the issuance of pandemic risk insurance to give businesses financial cover from future outbreaks or another wave of infections, similar to the Terrorism Risk Insurance Act enacted after 9/11.

There does appear to be some appetite for travel among consumers. As many as 62 percent of respondents to Fuel’s recent COVID-19 Consumer Sentiment Study said that they will take a vacation in 2020 and 16 percent said they would in 2021. Only 3 percent said that they had no desire to take a vacation.

More for you

Choice Hotels campaigns

Choice launches campaigns for extended-stay brands

Summary:

  • Choice launched two campaigns to boost bookings across its four extended-stay brands.
  • Based on guest feedback, the campaigns focus on efficiency, cleanliness, value and flexibility.
  • They will run through 2026 across social media, Connected TV, digital display and online video.

CHOICE HOTELS INTERNATIONAL launched two marketing campaigns to increase brand awareness and bookings across its four extended-stay brands. The "Stay in Your Rhythm" campaign promotes all four brands by showing how guests can maintain daily routines, while "The WoodSpring Way" highlights the service WoodSpring Suites staff provide.

Keep ReadingShow less
Fed interest rate July
Photo credit: Chip Somodevilla/Getty Images

Fed holds rates steady despite Trump pressure

Summary:

  • The Federal Reserve held interest rates steady and gave no signal of a September cut.
  • Developers and brokers are calling for lower borrowing costs to unlock supply and revive stalled deals.
  • The Fed’s decision followed surprise news that the U.S. economy grew 3 percent in Q2.

THE FEDERAL RESERVE held its key interest rate steady and gave no indication of a cut in September, despite growing pressure from President Trump and his Fed appointees, USA Today reported. The July 30 decision keeps the Fed’s benchmark rate at 4.25 percent to 4.5 percent for a fifth straight meeting.

Keep ReadingShow less
BWH Hotels expands with AI-driven strategy and outdoor lodging focus

BWH sticks to growth plan despite headwinds

Summary:

  • BWH Hotels is staying the course on long-term growth, investing in AI and developer support.
  • A new insurance program has saved some BWH hoteliers $50,000 to $60,000 annually.
  • It aims to reach 5,150 hotels in five years, with 300 deals signed last year and 200-plus in the pipeline.

BWH HOTELS IS maintaining its long-term growth strategy despite market uncertainties, with President and CEO Larry Cuculic citing momentum across core markets. The company is investing in AI, supporting developers and focusing on long-term goals.

Keep ReadingShow less
Amex GBT & Chooose Launch Hotel Emissions Tracker

Amex GBT, Chooose to launch hotel emissions tracker

Summary:

  • Amex GBT and Chooose are launching a hotel emissions tracking tool to calculate users’ Hotel Carbon Measurement Initiative reporting requirements.
  • Emissions data in Amex GBT’s Global Trip Record and Data Lake ensures consistency across travel programs.
  • In January, Finland-based Bob W found hotel carbon emissions are five times higher than HCMI estimates.

SOFTWARE FIRMS AMERICAN Express Global Business Travel and Chooose are launching a hotel emissions tracking tool in the third quarter of 2025. The new tool, integrated into Amex GBT’s platforms, will provide standardized hotel emissions data to calculate users’ Hotel Carbon Measurement Initiative reporting requirements.

Keep ReadingShow less
Marriott
Photo Credit: Marriott

Marriott closes $355M acquisition of citizenM

Summary:

  • Marriott International completed its $355 million acquisition of citizenM, a Netherlands-based select-service brand.
  • Integration into Marriott’s systems is underway.
  • Founded in 2008 by Rattan Chadha, citizenM targets travelers seeking smart room design, shared spaces.

MARRIOTT INTERNATIONAL COMPLETED its $355 million acquisition of citizenM, a Netherlands-based select-service brand founded by Rattan Chadha, as announced in April. CitizenM’s portfolio includes 37 hotels with 8,789 rooms across more than 20 cities in the U.S., Europe and Asia Pacific.

Keep ReadingShow less