Nearly 75% of hotels are expecting even more layoffs before the end of the year - Business Insider

A survey of 1,000 hotels conducted in mid-September found that almost 75% of hotels anticipate more layoffs before the end of the year. As it is, most hotels are operating with less than half of their pre-pandemic staff.

The AHLA's president said in a statement that without government assistance, the hospitality industry will continue to struggle for years to come.Hotels across the US furloughed countless workers at the outset of the coronavirus pandemic in March.But the industry isn't recovering — and the layoffs likely won't stop coming.of more than 1,000 hotels conducted in mid-September.

Nearly 75%, or three out of four hotels surveyed, reported that further layoffs will be necessary to keep hotels open through the end of the year without government assistance. Meanwhile, 32% reported anticipating bankruptcy and 42% reported anticipating closure by the end of the year. The question posed by the AHLA to hotel members of the association, along with bar graphs of respondents' answers.The figures further spell out how difficult recovery from the coronavirus pandemic will continue be for the hospitality industry. Right now, roughly 68% of hotels are operating with less than half of their pre-COVID staff, according to the survey.

In a Monday statement, AHLA President Chip Rogers said travel demand is expected to remain stunted through the year and the only way to bolster the hospitality industry's recovery is through government assistance, like additional PPP loans or an expanded. "Hotels are the cornerstones of the communities they serve, building strong local economies, and supporting millions of jobs," Rogers said.

Thank realDonaldTrump for this. Just watch. It is going to get so much worse as long as he is in office. Death, business loss, unemployment, corruption. We ain’t seen nothing yet

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