Earlier today, the U.S Senate overwhelmingly approved the PPP Extension Act (H.R. 1799), which extends the Payroll Protection Program (PPP) until May 31. AHLA joined 93 other groups representing small business borrowers expressing support for the bill.
The PPP has helped many hotels stay afloat during the coronavirus pandemic, but it was set to expire at the end of March with nearly $76 billion left unspent. Thanks to your advocacy through HotelsACT, Congress heard loud and clear from hoteliers all across the Country that the PPP program could not expire.
We will continue to advocate for further relief for the hotel industry and keep you informed on the latest developments.