GBTA Urges Leaders On Both Sides of the Aisle to Stop Playing Politics, Immediately Resume Talks to Save One of the U.S. Economy’s True Employment, GDP Drivers
Alexandria, Virginia (October 6, 2020) – The Global Business Travel Association (GBTA), the world’s largest business travel association, expressed deep concern today over the breakdown of COVID-19 supplemental funding discussions between the White House and Congress.
The global pandemic has wreaked havoc on the business travel industry. In the initial round of CARES Act funding, U.S. airlines agreed to forego layoffs in exchange for $25 billion in grants. This agreement expired September 30. Since then, media reports of massive airline layoffs have noted that as many as 100,000 workers will be let go in the near future unless elected leaders take action immediately. According to the World and Travel Tourism Council (WTTC), international GDP losses could total as much as $5.5 trillion – with job losses for 2020 projected at nearly 200 million jobs.
“With hundreds of thousands of jobs hanging in the balance, the business travel sector and the American economy need help now, not a month from now,” said Dave Hilfman, the GBTA’s interim Executive Director. “Our association and its members urge the Administration and Congressional leaders not to wait on a relief package, because without additional financial support from the U.S government, companies nationwide will be at serious risk of a meltdown.”
Hilfman noted that the near-complete shutdown of business travel in the U.S. and internationally has negatively impacted the entire travel ecosystem, including travel agencies, hotels, ground transportation and airlines: “If the economy is to come roaring back, business travel will be a major player. We need the travel system to be ready to meet the demand.”
Acerca de la Asociación Global de Viajes de Negocios
La Asociación Global de Viajes de Negocios (GBTA) es la principal organización comercial de viajes de negocios y reuniones del mundo con sede en el área de Washington, DC y operaciones en seis continentes. Los más de 9000 miembros de GBTA administran anualmente más de $345 mil millones de viajes de negocios globales y gastos de reuniones. GBTA ofrece educación, eventos, investigación, defensa y medios de clase mundial a una red global en crecimiento de más de 28,000 profesionales de viajes y 125,000 contactos activos. Para saber cómo los viajes de negocios impulsan el crecimiento empresarial duradero, visite www.gbta.org.