Posted on: July 27 2010 | Posted in: Latest NewsJuly 27, 2010
BY: The Associated Press
WASHINGTON â€” The head of the U.S. Travel Association is proposing that BP set aside $500 million for a marketing campaign to help draw tourists to the Gulf Coast.
Association president and CEO Roger Dow made the proposal in prepared testimony to a House panel looking at the oil spill’s impact on tourism.
Dow says in his remarks that a study his group commissioned found that the spill could result in lost tourism in coastal areas to the tune of $22.7 billion over three years. He says the $500 million could come from either $20 billion BP has set aside to pay for economic damages or could be added to it.
The New Orleans Metropolitan Convention and Visitors Bureau made a similar proposal last month.