Travel Companies Enthusiastically Back Tax Bill That Majority of Americans Oppose

The tax bill that Congress passed Wednesday might not be a hit with the general public — statistical analysis site FiveThirtyEight calls it historically unpopular — but corporate America sounds pleased as punch. Travel industry executives, some of whom have been vocal advocates for years for changes to the U.S. tax code, belong in that satisfied group. In recent days, Skift reached out to multiple companies to ask for a reaction to the tax legislation. We also searched earnings call transcripts, regulatory filings, television interviews, and other sources to get a sense of the impact industry players expect — and how they might use the extra cash in hand as a result of the changes to the tax code. It's not clear when President Donald Trump will sign the bill, which lowers the corporate tax rate from 35 percent to 21 percent, but the White House held an event Wednesday afternoon to celebrate its passage by the House and Senate. The Immediate Reaction The bill's passage