TIA Urges Action to Stabilize U.S. Credit Markets

The Travel Industry Association (TIA), the national, nonprofit organization representing all components of the $740 billion travel industry tasked to promote and facilitate travel,
urged congressional action to restore confidence in America's financial system.

“The small- and medium-sized businesses that make up the vast majority of America's $1.6 trillion travel economy, which employs one out of every eight American workers, depend on ready access to credit to meet their daily operating needs and to grow their companies,” TIA said in a statement. "The U.S. travel community is extremely concerned about the ongoing uncertainty in America's credit markets and its long-term effect on the economy. The longer this uncertainty is left unresolved, the greater the potential negative economic impact for workers, employers and all American taxpayers. TIA strongly encourages Congress and the administration to act swiftly to restore confidence in America's financial system."

Visit www.tia.org.

Read more on:

Suggested Articles:

According to Gov. Cuomo's office, the sides did not reach a solution and plan to revisit the discussion next week. Here's what you need to know.

Approximately 30 percent of travel agencies reported a “high to moderate number of cancellations” for China and other parts of Asia. Learn more here.

Americans are heading to Europe for spring break, according to new data from global luxury travel network Virtuoso. Here's what you need to know.