Published on : Wednesday, December 11, 2013
The American Hotel & Lodging Association (AH&LA), the sole national association representing all segments of the U.S. lodging industry, issued the following statement on news that House Budget Committee Chairman Paul Ryan (R-WI) and Senate Budget Committee Chairman Patty Murray (D-WA) have reached agreement on a plan to address the approaching continuing resolution (CR) expiration:
“Today’s announcement of a budget deal is a positive step in providing the fiscal certainty necessary to allow the lodging industry to continue to grow,” said Katherine Lugar, AH&LA president/CEO. “October’s 16-day government shutdown was a major red flag on the need for meaningful, long-term solutions to the fiscal problems that continue to hamper the economy. Despite our industry’s strength as a driver of jobs and 12 straight quarters of growth, it cannot sustain another loss in the hundreds of millions of dollars and still continue its positive momentum.”
Lugar continued, “Chairmen Ryan and Murray and the members of the conference committee have taken important action in reaching today’s agreement and giving our industry cause for optimism as we move into 2014. Hoteliers across the country who have a strong economic presence in every state and congressional district urge the House of Representatives and Senate to quickly approve this deal. We are hopeful Congress and the Administration build on today’s agreement and continue efforts to provide the long-term fiscal security that allows for a pro-growth environment where the lodging industry can thrive.”
During the October shutdown, hoteliers across the country lost more than $115.2 million in economic activity, American workers lost $3.2 billion in collective income, and communities and businesses that rely on tourism lost more than $1.2 billion in visitor spending.
Source:- AHLA
Tags: Hotel News
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