Movies and television shows strongly influence the travel industry, often inspiring people worldwide to visit places they see on screen.
The American Hotel and Lodging Association and the U.S. Travel Association have backed the proposed 20% federal tax incentive for film and TV production, arguing that films help boost overseas tourism, Variety reported on Friday, October 30. The organizations represent businesses such as major theme parks like Disney and Universal, resort operators, hotel chains and online ticket platforms.
U.S. Travel Association President and CEO Geoff Freeman said film and television production in the United States could support the country’s local businesses and inspire travelers to visit.
“Every film and TV production made in America sends a ripple through the travel economy, filling hotel rooms, restaurants and small businesses during the shoot and inspiring travelers to visit long after the credits roll,” Freeman said (h/t: Variety)
Last month, the Motion Picture, Television, and Entertainment Revitalization Act was introduced. The proposed bill would provide a 20% federal tax credit for eligible labor costs associated with film and TV productions. Moreover, it also proposes a 5% bonus for independent films.
Hotel and Lodging Association spokesperson shared his thoughts on the act
The act has support in both the House of Representatives and the Senate, and supporters hope to see it move forward toward becoming law. According to Variety, American Hotel and Lodging Association spokesperson Ralph Posner said the proposed act would benefit local businesses and the film and television industry working in the US.
“The economic benefits of this measure extend well beyond the film and television industry. Domestic production brings cast, crew, and suppliers into communities across the U.S., bolstering hotel demand and supporting local businesses. By encouraging more domestic production activity, the legislation will help drive economic growth, support local communities, and showcase U.S. destinations to audiences around the world,” Posner said.
That said, it will be interesting to see how far it progresses.
Share your thoughts on the proposed act and whether it will help local businesses across America grow, including tourism.
