Loews Corp. Co-Chairman Jonathan Tisch said the U.S. travel and tourism industry needs the federal government’s help to rebuild roads, rails and airports.
Tisch, who spoke Wednesday on Bloomberg Television’s “In the Loop” with Betty Liu, said progress has been made on reducing visa wait times for visitors from China and Brazil from a few months to four or five days. There hasn’t been enough focus on improving transportation, he said.
“We’re losing out to countries like France and Spain, we are losing out to countries like Canada,” Tisch said. People arrive at airports in cities such as New York, Los Angeles and Miami “and they cannot get to the central business district because the roads and trains are so bad. We need to focus on the public-private partnerships that can help rebuild our infrastructure.”
Loews on Wednesday completed its purchase of the 155-room Mandarin Oriental San Francisco hotel, which is being renamed the Loews Regency San Francisco.
This article was written by Prashant Gopal from Bloomberg and was legally licensed through the NewsCred publisher network.