Hotel industry could lose 4 million jobs due to the coronavirus - Business Insider

A worker wearing a protective suit disinfects a hotel room as part of measures to prevent the spread of the coronavirus, on March 16, 2020 in Pristina, Kosovo.Hotels across the US are experiencing unprecedented booking cancellations due to the coronavirus, with some markets like Seattle and Boston reporting occupancy declines as steep as 20%.

Four million US hotel employee positions could be eliminated in the coming weeks, according to the American Hotel & Lodging Association.studyLeading hotel and tourism CEOs have asked the White House for a $150 billion bailout to keep the travel industry afloat and prevent a potential financial recession.Nearly four million US hotel jobs could be eliminated in the coming weeks, according to the American Hotel & Lodging Association .

Without the aid of the government, hospitality industry leaders worry that the loss of hotel jobs could kickstart a financial recession. "This unprecedented public health crisis has quickly become a catastrophic economic crisis as well," Roger Dow, the president and CEO of the US Travel Association, said in the same release. "The losses for the travel industry alone are projected to double the unemployment rate over the next two months and plunge the country into recession. Small businesses, which make up 83% of travel businesses, need relief right now if they're going to be able to keep paying their employees.

On Tuesday, the Wall Street Journal reported that Marriott, the largest hotel company in the world, has already begun

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