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

  • 📰 Forbes
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

The current state of the hotel industry isn’t 'sustainable' without government funding, CEO of Best Western Hotels David Kong says

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.

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:

 /  🏆 394. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Oh...

No one wants a nasty hotel. Airbnb should be accepted and funded. Let the hotels fall and crumble as they should.

Hang in there hotels you’ll be fine, just pull yourself up by them boot straps.

Turn some of those hotels into housing for the houseless. Yall companies know how to phuck over the government and make money.

Guess you should stop supporting politicians who who don't understand economics or liberty?! NoBailouts

Hmmmm can’t the rest of the community say the same, then? Why prefer hoteliers over humans?

Too little too late Historical blunder into rippling catastrophe of destroyed livelihoods

Maybe these companies should cut back on their lattes and avocado toast

United States United States Latest News, United States United States Headlines

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

The Current State Of The Hotel Industry Isn’t ‘Sustainable’ Without Government Funding, CEO SaysTwo-thirds of hotels in the U.S. could close within six months if the government doesn’t pass an additional stimulus bill. Maybe they shouldn’t have spent all their money on avocado toast and put some away for a rainy day. 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!
Source: Forbes - 🏆 394. / 53 Read more »