ASTA is ringing the alarm bells about the dire state of U.S. agencies, for which it says federal support has been “tragically inadequate” throughout the pandemic, adding that “the vast majority of America’s 130,000 travel agencies are small, female-owned businesses,” and that Congress should provide relief as long as travel restrictions continue. Assuming access to a second paycheck protection program loan, unemployment benefits and other relief programs, more than 70 per cent of travel agencies will fail in six months, and 85 percent won’t make it beyond the next 12 months, ASTA says.
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