Friday, July 4, 2025 — Today, Laura Chadwick, President and CEO of the Travel Technology Association, released the following statement after President Trump signed the ‘One Big Beautiful Bill’ into law:
“Travel Tech applauds the President for signing into law key pro-innovation provisions of the final reconciliation bill that will deliver targeted, pro-growth tax relief for both travel tech startups and established technology providers serving millions of travelers worldwide.”
“The new law makes full expensing for domestic research and development (R&D) permanent, restores 100% bonus depreciation, preserves the 20% Qualified Business Income (QBI) deduction for pass-through businesses, and modernizes Qualified Small Business Stock (QSBS) rules. Together, these provisions provide companies across the travel technology ecosystem with greater certainty to invest in product development, expand hiring, and drive innovation.”
“Travel Tech championed these pro-innovation policies because they provide essential support and unlock capital for startups, while also giving larger travel technology companies the certainty to invest in new products, grow their workforce, and accelerate innovation across the industry.”
“While this bill provides crucial support for innovation and investment, unfortunately it also 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.”
“We want to thank President Trump and congressional leaders in the House and Senate for working diligently to get this bill across the finish line which will ultimately result in innovation, investment, and growth across the travel technology sector. This legislation is an important step toward strengthening America’s digital economy and ensuring that travel technology companies of all sizes have the resources needed to grow, compete, and deliver value to travelers and businesses alike.”
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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.
