Tuesday, July 1, 2025 — Today, Laura Chadwick, President and CEO of the Travel Technology Association, released a statement following the Senate’s passage of the reconciliation bill:
“The Travel Technology Association applauds the Senate for advancing critical provisions that support innovation, investment, and growth across the travel technology sector.”
“By making full expensing for domestic research and development (R&D) permanent and restoring 100% bonus depreciation, the bill supports travel technology companies—both large and small—as they develop and deploy new technology including AI-powered tools and invest in the capital-intensive upgrades to server architecture, data centers, and cloud systems needed to sustain innovation across the industry.”
“Additionally, by preserving the Qualified Business Income (QBI) deduction and modernizing Qualified Small Business Stock (QSBS) rules, the bill will unlock investment, accelerate product development, and enhance U.S. competitiveness in the rapidly evolving global travel landscape. Travel Tech has championed policies like these, which provide critical support for startups driving innovation and competition throughout the sector.”
“However, while the Senate’s tax package advances critical support for innovation and investment, it cuts funding for Brand USA at a time when the U.S. should be doubling down on promoting tourism, not pulling back. With major global events like the 2026 World Cup, America250, and the 2028 Olympics on the horizon, this is a critical moment to strengthen—not weaken—our international marketing efforts.”
“Our members play a critical role in connecting travelers to local communities. We know firsthand how tourism—and Brand USA’s work—drives billions in spending in the U.S., supporting local jobs and businesses, and fueling economic growth in every state.”
“Travel Tech will continue to work with the administration and Congressional leaders to restore full funding for Brand USA and ensure the U.S. travel industry remains competitive on the world stage.”
###
The Travel Technology Association (Travel Tech) empowers traveler choice by advocating for public policy that promotes marketplace transparency and competition. Travel Tech represents the leading innovators in travel technology, including online travel agencies, metasearch engines, short-term rental platforms, global distribution systems, and travel management companies.
To schedule an interview with a Travel Tech spokesperson, contact Bradford Williamson of Glen Echo Group at 202.870.3234 or bwilliamson@glenechogroup.com.
