The Current State Of The Hotel Industry Isn’t ‘Sustainable’ Without Government Funding, CEO Says

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Two-thirds of hotels in the U.S. could close within six months if the government doesn’t pass an additional stimulus bill.

from the coronavirus pandemic, with forced closures leading to massive layoffs, and a sharp decline in bookings with travelers afraid checking in might mean contracting the virus..

Republicans and Democrats can’t find common ground, and it seems almost daily President Donald Trump is alternately pulling the plug on stimulus talks or advocating for a bigger and bigger package. The airline industry cadged $32 billion in payroll support in the CARES Act and is pushing hard for a reup, but other parts of the travel industry like hotels haven’t been able to get support on Capitol Hill.

 

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Nah the Hotel Industry was dying with the creation of Air bnb....Heres an idea why don't they turn those empty Hotels into Efficiency low income rooms or even better Homeless Shelters...and this is why I am not allowed to be a politician because I actually care about the people!

Maybe they shouldn’t have spent all their money on avocado toast and put some away for a rainy day.

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