PENNSYLVANIA Travel Agency Industry at a Glance

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PENNSYLVANIA Travel Agency Industry At A Glance RETAIL LOCATIONS FULL TIME JOBS ECONOMIC IMPACT 626 4,417 $147M TRAVEL ADVISORS ARE ECONOMIC DRIVERS Travel advisors – online, “brick and mortar” and many hybrid business models in between – play a critical role in the broader travel and tourism industry. TRAVEL ADVISORS ARE IN YOUR COMMUNITY The travel agency industry in the United States is a vital part of the transportation infrastructure. While the physical elements of travel include planes, trains, cars, hotels, cruises and tours, it is the travel advisor that makes it all happen. Travel advisors vary in size from the smallest home-based agent to storefront agencies in every state and Congressional district to the large travel management companies such as Carlson Wagonlit to household-name online agencies like Expedia. Together, they account for an annual payroll output of $5.5B and annual revenues of $17.7B. PENNSYLVANIA ASTA Agencies In Your District ASTA U.S. REPRESENTATIVES MEMBERS 1 Brian Fitzpatrick (D) 9 2 Brendan Boyle (D) 13 3 Dwight Evans (D) 13 4 Madeleine Dean (D) 7 5 Mary Scanlon (D) 1 6 Chrissy Houlahan (D) 17 7 Susan Wild (D) 21 8 Matt Cartwright (D) 14 9 Daniel Meuser (R) 3 10 Scott Perry (R) 2 11 Lloyd Smucker (R) 2 12 Fred Keller (R) 16 13 John Joyce (R) 17 14 Guy Reschenthaler (R) 5 15 Glenn Thompson (R) 3 16 Mike Kelly (R) 19 17 Conor Lamb (D) 4 18 Mike Doyle (D) 2 ASTA U.S. SENATORS MEMBERS Bob Casey, Jr. (D) 157 Pat Toomey (R) 157 THE AMERICAN SOCIETY OF TRAVEL ADVISORS Rebranded in 2018 as the American Society of Travel Advisors, ASTA is the leading global advocate for travel advisors, the travel industry and the traveling public. Its members represent 80 percent of all travel sold in the United States through the travel agency distribution channel. Together with hundreds of internationally-based members, ASTA’s history of industry advocacy traces back to its founding in 1931 when it launched with the mission to facilitate the business of selling travel through effective representation, shared knowledge and the enhancement of professionalism. FOR MORE INFORMATION: ASTA.org Sources: Airlines Reporting Corporation, U.S. Census Bureau, PhocusWright Travel Agency Landscape, Travel Weekly Power List, Company Financial Reports, MMGY’s Portrait of U.S. Travelers, TNS Global’s TravelsAmerica. .

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Pennsylvania Delegation Letter to Congressional Leadership on LIHTC
April 20, 2020 The Honorable Nancy Pelosi The Honorable Mitch McConnell Speaker of the House Majority Leader United States House of Representatives United States Senate Washington DC 20515 Washington DC 20510 The Honorable Kevin McCarthy The Honorable Charles Schumer Minority Leader Minority Leader United States House of Representatives United States Senate Washington DC 20515 Washington DC 20510 Dear Speaker Pelosi, Leader McConnell, Leader McCarthy, and Leader Schumer: As you consider additional legislative priorities related to COVID-19, we respectfully urge you to support critical improvements to the Low-Income Housing Tax Credit (LIHTC) Program. The LIHTC program, administered jointly by the Internal Revenue Service (IRS) and state tax credit allocating agencies, provides federal tax credits to developers in exchange for their investment in developing and preserving affordable rental housing. The Pennsylvania Housing Finance Agency, for instance, monitors more than 1,100 affordable housing communities receiving LIHTC. Across the country, LIHTC has led to the development and preservation of over 3 million affordable rental units. As American families struggle to cover health care, utilities, and food costs during this health and economic crisis, access to safe, permanent housing is critical to prevent homelessness and poverty. Targeted public-private investments help provide desperately needed affordable housing for low-income families. As you weigh additional federal assistance measures to address COVID-19, we strongly encourage you to include the following LIHTC changes: Enact a minimum 4% credit rate used to finance acquisitions and Housing Bond- financed developments. LIHTC rates fluctuate in response to market interest movements. Tied to declining federal borrowing rates, the value of the 4% credit rate is closer to 3% – the lowest it has ever been.
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