Complete Story
 

05/07/2021

Updates 05/07/2021: Ohio's Travel Industry and the Coronavirus (COVID-19)

Priorities for Government and DMOs

SUPPORTING LOCAL BUSINESSES SHOULD BE TOP PRIORITY OF LOCAL GOVERNMENTS AND DMOS

When asked what should be the priority of local government (and DMOs) right now, supporting businesses was the top response according to a Longwoods International survey of American travelers.

Research Round-Up

View the latest trends and traveler sentiments in this one-page research summary. 

View the Research Round-Up 

Travel Research

ENTHUSIASM FOR TRAVEL INCREASES, URBAN LEISURE TRAVEL RECOVERY CONTINUES TO CLIMB

Key findings from Destination Analysts fielded April 30 through May 3.

TRAVELERS REPORT GROWING CONFIDENCE IN TRAVELING AND ARE MAKING PLANS

Key findings from Longwoods International fielded April 28, 2021

66% of American travelers plan to take a trip within the next six months.

Although travelers report feeling more comfortable and ready to travel, the pandemic remains the top factor influencing the decision to travel, with 53% saying it will impact their decisions. With a majority of travelers still paying attention to the pandemic, now is perhaps not the time to ease up on safety protocols and messaging.

Concerns about personal finances will impact decisions for 37%, while transportation costs are impacting decisions for 38%. The affordability and roadtrip opportunities in Ohio remain well positioned for travelers concerned with price.

Travelers continue to report feeling more comfortable.

Vaccinations continue to influence travel plans.

Economic Relief

Two federal funding opportunities to help Ohio travel businesses opened in the last week, including the Shuttered Venue Operators Grant and the Restaurant Revitalization Fund.

Economic Development Administration (EDA) funding will be announced soon, but no details are available yet. It is likely that this funding can be used for marketing and development, as monies are dedicated to helping communities most impacted by a loss in travel and hospitality. The Ohio Travel Association has talked with administrators of this program, and as soon as rules are released, OTA will host a webinar with the EDA to provide more instructions. We anticipate this is going to happen soon. 

SHUTTERED VENUE OPERATORS GRANT PROGRAM ACCEPTING APPLICATIONS 

Museums, live venue operators and promotors, theatrical producers, live performing arts organization operators, motion picture theatres and talent representatives can start applying for the Shuttered Venue Operators Grant program now. This program is offering $16 billion in grants.   

The SBA is accepting applications the next couple of weeks from those who lost 90% or more gross revenue last year due to the pandemic. Beginning May 10, those who lost 70% or more may apply. A third wave of funding will be awarded to those who experienced 25% or more loss during one quarter of 2020, based on 2019.

Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. 

To apply, please review information on the Shuttered Venue Operators Grant application portal carefully.

For technical assistance such as a password reset, browser suggestions, or how to use the multi-factor authentication with an app and the QR code, applicants can call 1-800-659-2955 or, for the deaf and hard-of-hearing 1-800-877-8339 and follow the prompts to SVOG assistance. The call center is now open 24/7.


RESTAURANT REVITALIZATION FUND APPLICATIONS BEING ACCEPTED

The online application will remain open to any eligible establishment until all funds are exhausted. 

Established under the American Rescue Plan, and signed into law by President Joe Biden on March 11, 2021, the Restaurant Revitalization Fund provides a total of $28.6 billion in direct relief funds to restaurants and other hard-hit food establishments that have experienced economic distress and significant operational losses due to the COVID-19 pandemic. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Funds must be used for allowable expenses by March 11, 2023. 

For the first 21 days that the program is open, the SBA will prioritize funding applications from businesses owned and controlled by women, veterans, and socially and economically disadvantaged individuals. All eligible applicants are encouraged to submit applications as soon as the portal opens. Following the 21 days, all eligible applications will be funded on a first-come, first-served basis.

Consistent with the legislation and the intent of Congress, the SBA continues to take steps to ensure the equitable distribution of relief, particularly for the smallest businesses, by creating a $9.5 billion set-aside: $5 billion for applicants with 2019 gross receipts of not more than $500,000; $4 billion is set aside for applicants with 2019 gross receipts from $500,001 to $1,500,000; and $500 million for applicants with 2019 gross receipts not more than $50,000.

For more information, visit sba.gov/restaurants or in Spanish at sba.gov/restaurantes.

Printer-Friendly Version