Industry Update
External Article18 March 2020

Sector rallies around call for aid

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More than 500 signatories supported calls for wage support, tax relief and financial aid, as the response by jurisdictions across the EU remained mixed.

A letter was due to be sent later today, calling for; wage support for the millions of hospitality employees across the continent, tax relief in the form of revenue, income and property taxes and financial aid in the form of grants and an orderly moratorium on technical defaults.

Alexi Khajavi, managing director, EMEA, Questex Hospitality Group: "The response to our call to action is a testimony to how important the sector is. Hotels play a key role in communities, economies and cultures. They provide us with cultural hubs, meeting places, careers and with a home when we are away from home.
"The total global contribution of travel and tourism was $8,811.0bn in 2018,10.4% of GDP, and was forecast to rise by 3.7% pa to $13,085.7bn by 2029. Travel & Tourism generated 122,891,000 jobs directly in 2018, accounting for 3.8% of total employment. We cannot let this be put at risk."

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