Paycheck Protection Program
AHLA and SBA Secure PPP for Hotel Industry
AHLA | June 15, 2023
Eligibility changes protect loans to tens of thousands of hotels WASHINGTON (June 15, 2023) – American hotels will benefit from an important update to the Paycheck Protection Program (PPP). Following months of collaboration with the American Hotel & Lodging Association and hotel owners across the country, the Small Business Administration (SBA) issued new PPP eligibility guidelines today. The update clarifies that hotel owners who utilized third-party management companies and participated in PPP are eligible for PPP loan forgiveness for payroll expenses they paid via a management company. The changes SBA announced today will ens...
U.S. Travel Endorses PPP Extension Bill, Urges Swift Passage
U.S. Travel Association | March 15, 2021
WASHINGTON — March 15, 2021 — The U.S. Travel Association on Friday voiced strong support for the PPP Extension Act of 2021, a bipartisan and bicameral bill that would implement the Paycheck Protection Program extension U.S. Travel has pushed for as an essential part of economic relief. The bill would push the deadline for PPP fund applications to May 31 from its current March 31, with an additional 30 days past the new deadline for the Small Business Administration to process applications. U.S. Travel Association Executive Vice President for Public Affairs and Policy Tori Emerson Barnes: “The hardest-hit U.S. businesses are st...
U.S. Travel Urges PPP Fixes as Part of COVID Relief
U.S. Travel Association | March 10, 2021
WASHINGTON — March 10, 2021 — U.S. Travel Association President and CEO Roger Dow issued the following statement calling on Congress to prioritize enhancements to the Paycheck Protection Program as a critical element of economic relief from the pandemic: “The American Rescue Plan contains many good features, but there’s something crucial that Congress must accomplish to restore the millions of travel-dependent jobs lost to the pandemic: extend the Paycheck Protection Program deadline through at least June, and allow another draw on those funds for the hardest-hit employers. “Leisure & Hospitality currently accounts for nea...
Hotel Lawyer on PPP2 and the COVID Relief Bill’s Changes to Paycheck Protection Program
Jim Butler | January 13, 2021
By Jim Butler and the Global Hospitality Group® 13 January 2021 We have a new PPP Loan authorization bill out of Washington, after months of political wrangling. Congress could have done more, but they did provide for up to $2,000,000 in additional forgivable loans per borrower, along with provisions which specifically cater to the hospitality industry. As Jay Thompson and other members of our Corporate team write below, Congress has made obtaining a PPP loan and getting forgiveness for that loan easier. They have also expanded the definition of what can be an “eligible expense” upon which to base a PPP loan, and they have allo...
Small Businesses in Grave Peril Unless Washington Acts
The U.S. Travel Association | September 23, 2020
WASHINGTON (September 23, 2020)—More than half (55%) of all small travel businesses in the U.S. are at risk of either taking longer than six months to recover or never recovering at all, according to data released Wednesday by the U.S. Travel Association. The numbers, prepared for U.S. Travel by the data analytics firm Tourism Economics, indicate an extreme threat to travel-supported jobs, which employed one in 10 Americans pre-pandemic. A massive 95% of all accommodation and food service employment is found within small and medium-size businesses, as defined by the U.S. Small Business Administration, with only 5% of those sectors’ emp...
Travel Community Calls on Congress to Pass Relief Legislation
The U.S. Travel Association | August 19, 2020
WASHINGTON (August 19, 2020)—U.S. Travel Association Executive Vice President of Public Affairs and Policy Tori Emerson Barnes issued the following statement on reports that both chambers of Congress may soon consider separate actions on coronavirus relief legislation: “It is crucial that leaders in Washington return to the negotiating table immediately and continue the important work they started. Since March, more than half of the 15.8 million pre-pandemic jobs supported by the travel industry have disappeared, leaving workers and small businesses in every pocket of America vulnerable to the economic pain of this public health crisis...
AHLA Applauds President Donald Trump for Signing Executive Orders Extending Unemployment Benefits
AHLA | August 10, 2020
WASHINGTON (August 10, 2020) – The American Hotel & Lodging Association (AHLA) today applauded President Donald Trump for supporting Americans by signing Executive Orders that extend unemployment benefits and support those impacted by COVID 19, while urging Congress to come together swiftly and pass meaningful, bipartisan legislation that helps support the hotel industry and the millions of employees we support. The following statement is attributable to Chip Rogers, president and CEO of AHLA: “Millions of America’s hotel workers remain out of work as our industry struggles to survive the pandemic. We applaud the actions take...
Travel Community Reacts to Breakdown of Coronavirus Relief Talks
The U.S. Travel Association | August 10, 2020
WASHINGTON (August 10, 2020)—U.S. Travel Association Executive Vice President of Public Affairs and Policy Tori Emerson Barnes issued the following statement on reports that congressional and administration leaders are suspending negotiations on the next phase of pandemic-related legislative relief: “It is critical that leaders in Washington resume talks and move forward on much-needed coronavirus-related economic relief. The travel and tourism industry accounts for 38% of all U.S. jobs lost so far, and travel companies—83% of which are small businesses—remain particularly vulnerable to the economic impact of the health crisis. ...
