Job search
Job Search
Latest news
More news: (showing 1 - 20 of 13969)           
UK only International

Hal McEvoy calls for US$250bn fund to protect attractions during pandemic

By Tom Anstey    24 Mar 2020
McEvoy has called for a number of measures, including a US$250bn (€229.5bn, £212.1bn) Travel Workforce Stabilisation Fund / IAAPA
With your help, the amusement parks and attractions industry will be staffed and prepared to open its doors and continue to be the economic generator for local communities that it has always been
– Hal McEvoy
Credit: IAAPA

IAAPA's president and CEO, Hal McEvoy, has urged the US government to support the attractions industry during the coronavirus crisis, urging the Senate to take immediate and extraordinary action to support the country's economy.

If the shutdown remains in place through June, IAAPA estimates a 40 per cent loss of jobs within the industry and a nearly US$12bn (€13bn, £11.1bn) loss of revenue.

McEvoy has called for increased funding and flexibility for Small Business Administration (SBA) loans, tax relief to mitigate economic losses and US$150bn (€137.7bn, £127.3bn) in secured loans and loan guarantees in the Coronavirus Aid, Relief and Economic Security Act to help the attractions industry through this period.

"Attractions are the economic driver in many of the local communities in which they reside. They are often the reason people come to the towns in which they are located, stay in hotels and eat in nearby restaurants," said McEvoy.

"More needs to be done to ensure the attractions industry and its workers can sustain the shutdowns.

"We urge you to include a US$250bn (€229.5bn, £212.1bn) Travel Workforce Stabilisation Fund within the Department of Treasury with US$150bn (€137.7bn, £127.3bn) in direct grants and US$100bn (€91.8bn, £84.8bn) in unsecured, no-interest loans to mitigate the damage caused by shutdowns and ensure the attractions industry and other related travel-dependent businesses which do not qualify for SBA can maintain employment.

"Amusement parks and attractions are closed at government direction in what is typically the start of the busiest season of their year with no end in sight. They have substantial fixed expenses, most important of which are employee wages.

"As each day passes, with no end in sight for when restrictions on travel and gathering will be removed, this industry is increasingly unable to support their employees.

"With your help, the amusement parks and attractions industry will be staffed and prepared to open its doors and continue to be the economic generator for local communities that it has always been."

IAAPA  Hal McEvoy  Coronavirus  Travel Workforce Stabilisation Fund  
Sign up for FREE ezines
Related news

Company profile

Company profile: We Work Well Inc
We Work Well is a global premier hosted buyer event company, connecting high-level executives from leading suppliers with pre-selected highly qualified buyers in the wellness and hospitality industries, through scheduled one-on-one meetings, networking activities, community, and purpose.
View full profile >
More company profiles

Featured Supplier

W3Fit EMEA celebrates its fifth anniversary
Celebrating its milestone 5th anniversary, W3Fit EMEA returns in 2026 with an unmissable gathering of the Health & Fitness industry’s most influential leaders.
View full details >
More featured suppliers

Property & Tenders

Location: Stratford, East London.
Company: Lee Valley Regional Park Authority
Location: Y Felinheli, LL56 4QN
Company: Newmark
Location: Newhaven, Sussex
Company: EiA Real Estate
Location: Tutbury Castle, Staffordshire
Company: Savills
Location: Oxford
Company: University of Oxford
More properties & tenders

Diary dates

13-13 Jun 2026
Worldwide, Various
21-24 Sep 2026
The Langham Huntington Pasadena , Pasadena, United States
06-08 Oct 2026
Messe Stuttgart, Stuttgart, Germany
22-22 Oct 2026
QEII Conference Centre, London
More diary dates