Internet Travel Monitor - Events & Legislation
October 1, 2008

Travel Community Urges Action to Stabilize U.S. Credit Markets

WASHINGTON, DC – Travel Industry Association (TIA) today released the following statement:

"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.

"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."

Copyright 2008 The Travel Industry Association. All rights reserved. From http://www.tia.org.
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