At least two more stimulus packages are needed for travel recovery, says expert

Nov 16, 2020 Impacting Travel

At least two more stimulus packages are needed for travel recovery, says expert

As Congress continues to debate the merits of a second stimulus package to help the economy, one expert says airlines will need that and a third bailout to survive the coronavirus pandemic.

“You will need two bigger stimulus packages,” Dr. Larry J. Sabato said Monday.


After the initial CARES Act was passed in March and assuming the next package will arrive before the end of the year, as it has been in negotiations for months, Sabato said: “The (third general stimulus package) would have to be in the first half of 2021. “

Sabato made his remarks during the inaugural ASTA Corporate Travel Conclave, a virtual event that began Monday during the first of three days.

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Coronaviruses are a large family of viruses that are common in many different species of animals, including camels, cattle, cats, and bats.

Sabato is the founder and director of the Center for Politics at the University of Virginia. He is an Emmy Award-winning New York Times bestselling author and is recognized as one of the most respected political analysts in the country.

When asked how the travel industry will react to the presidency of Democrat Joseph Biden, the presumptive president-elect pending litigation by incumbent President Donald Trump over the election fraud charges, Sabato said it all comes down to the economy.

“From what public health officials have told me, things are supposed to improve dramatically in mid-2021,” he said.

Sabato said that all the indications he has received point to a Biden presidency.

“He’s going to end Biden with 306 votes (from the electoral college). Biden will be well over 5 million in most votes, ”Sabato said. “Everything Trump says is ridiculous. There is no widespread fraud. This was the toughest choice. The simple act of moving the ballots from one table to another had a Republican observer and a Democratic observer. There are no monkey businesses there, that’s how the elections are going. “

The next wave of additional relief for the travel industry could come before the end of the year, but whether or not that will happen remains to be seen.

When talks stalled in October, travel industry leaders expressed disappointment. As we approach the end of what has been a busy year, one can only hope that help is on the way sooner rather than later.