From the newly approved federal stimulus bill to the latest lockdowns, furloughs and events gone virtual, stay up to date on the coronavirus (COVID-19) pandemic’s progression and its effects on the meetings, travel and hospitality industries.
The $2 trillion federal stimulus bill that is expected to land soon on President Trump’s desk is drawing mixed reaction from various corners of the travel, hospitality and meetings industries.
Every part of the events industry is being impacted by restrictions on meetings put in place to slow the spread of novel coronavirus (COVID-19). The American Rental Association (ARA) petitioned Capitol Hill last week for $20 billion in financial aid provisions for the equipment and event rental industry as part of the financial relief bill being negotiated in the U.S. Senate.
On Wednesday, the Meetings Mean Business Coalition (MMBC) postponed the annual Global Meetings Industry Day (GMID) celebration planned for April 14 due to limitations on gatherings in the face of the coronavirus pandemic. The international day of advocacy, awareness and celebration of the meetings and events industry will instead be staged as an attempt to break the world record for largest virtual event ever held.
The U.S. economy, increasingly reeling from plunging financial markets and business closures due to the COVID-19 pandemic, will take a $809 billion hit due to decreased travel, according to a new analysis by U.S. Travel Association.
Following the closing of all 13 MGM properties along The Strip as a way to slow the spread of coronavirus (COVID-19) in Las Vegas, Governor Steve Sisolak issued an order to shut down all “nonessential” Nevada businesses, including 440 licensed casinos all over the state.
Marriott International is set to lay off tens of thousands of employees in response to the coronavirus (COVID-19) that has left many hoteliers without business since the disease spread in early February, according to The Wall Street Journal.
As the meetings industry scrambled to manage cancellations, hotel closures and shelter in place mandates, a group of audiovisual experts launched a petition to bring some relief. In less than a week, COVID-19 Federal Aid Package for the Events Industry Change.org petition posted by a handful of employees at Florida-based Digerati Productions collected more than 200,000 signatures.
To combat the spread of the Coronavirus (COVID-19) that has proliferated rapidly to nations around the globe, six San Francisco-area counties will issue a “shelter-in-place” order beginning Tuesday, March 17. The counties are San Francisco, Marin, Contra Costa, Alameda, Santa Clara and San Mateo. The order is to stay in place until April 7, unless authorities decide to shorten or lengthen it.
U.S. Travel Association is predicting a 6 percent hit to international visitor numbers over the next three months due to COVID-19, the novel coronavirus—the largest decline since 2018. Destinations across the country are already warning that they could see at least a temporary dip due to the sudden loss of visitors from China.
For more, head to our all-encompassing Coronavirus Resource Guide.