News Formal

Coronavirus lockdown drains $225 billion and counting from US nightlife industry: trade group

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Nightclubs have now lost more than $225 billion due to the coronavirus lockdown, according to one trade group.

As restaurants and bars across the country reopen with occupancy restrictions in place, nightclubs are caught on the outside looking in on plans to safely get back to normal.

“In the past three months, we've had a loss of about $225 billion,” ANA President Juan Carlos Diaz tells Yahoo Finance, adding that getting to reopen under limited occupancy is a step in the right direction, but still likely to hinder clubs more so than restaurants. While advocating for the idea of temperature testing patrons, Diaz rejected the idea of testing club patrons at the door, calling it unrealistic.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 380. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil drops on worse than feared rise in U.S. fuel stocksOil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recovery in demand from coronavirus lockdowns. RobertMartinLT interesting development Would you fill up your bathtub with oil now? I doubt these things are related.
Source: Reuters - 🏆 2. / 97 Read more »