Facebook Instagram LinkedIn
    • About Us
      • About MEET Magazines
    List My Business        Advertise
    MEET Magazines
    • Home
    • Subscribe
    • Magazines
      • MEET Missouri
      • MEET Kansas
      • MEET Med
    • Articles By Topic
    • Digital Flipbooks
    • MEET Up!
    • Upcoming Events
    ➤ Find Suppliers
    0 Shopping Cart
    MEET Magazines
    Home»Topics»General»New Report Reveals 70% of the Employees in the Hotel Industry Were Laid Off or Furloughed
    General

    New Report Reveals 70% of the Employees in the Hotel Industry Were Laid Off or Furloughed

    MEET MagazinesBy MEET MagazinesApril 24, 2020Updated:April 9, 2021No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    pexels photo 2883047
    Share
    Facebook Twitter LinkedIn Pinterest Email

    As COVID-19 continues to devastate the hotel industry, the American Hotel & Lodging Association (AHLA) released new data today showing that 70 percent of hotel employees have been laid off or furloughed as eight in 10 hotel rooms across the nation remain empty.

    As this crisis progresses beyond what anyone could have projected, the impact to the travel industry is nine times worse than 9/11, with forecasted occupancy rates for 2020 hitting record lows worse than rates in 1933 during the Great Depression.

    “With the impact to the travel industry nine times worse than September 11, the human toll of this public health crisis has been absolutely devastating for the hotel industry. For the hotel industry our priority is rehiring and retaining our hardworking employees who power our vibrant industry,” said Chip Rogers, President and CEO of AHLA. “Hotels were one of the first industries affected by the pandemic and will be one of the last to recover. The CARES Act was an important first step with a lot of supportive measures for the hotel industry, but we need Congress to make important changes to the program to reflect the current economic reality and help the employees in the industries that have been impacted the most.”

    1 1

    Due to the dramatic downturn in travel, properties that remain open are operating with minimal staffing. On average, full-service hotels are using 14 employees, down from 50 before the crisis. Resort hotels, which often operate seasonally based on the area’s peak tourism months, averaged about 90 employees per location as recently as March 13, are down to an average of five employees per resort today.

    The key findings of the report include:

    • Impact to travel industry 9x worse than 9/11. (Tourism Economics)
    • 50% revenue decline (projected) for entirety of 2020 (Oxford Economics)
    • Eight in 10 hotel rooms are empty. (STR)
    • 2020 is projected to be the worst year on record for hotel occupancy. (CBRE)
    • Forecasted occupancy rate for 2020 worse than 1933 during the Great Depression. (CBRE)
    • 70% of hotel employees laid off or furloughed. (Oxford Economics and Hotel Effectiveness)
    • $2.4 billion in weekly lost wages due to the crisis (Oxford Economics and Hotel Effectiveness)
    • Nearly 3.9 million total hotel-supported jobs lost since the crisis began (Oxford Economics)

    As travel halted in late February, the hotel industry took immediate action to work with the White House and Congress to help hotel industry employees and small business operators, which represent 61 percent of hotel properties in the U.S.

    “The hotel industry is at a critical juncture. We need more resources to survive this unprecedented time,” said Rogers. “Additional funding is vital for small business owners across America, including tens of thousands of small business hoteliers, to help them keep their doors open and rehire and retain millions of employees.”

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleNew Report Reveals 70% of the Employees in the Hotel Industry Were Laid Off or Furloughed
    Next Article eXplore Lawrence Sends Companies U.S. Bank Rewards Card to Promote Business
    MEET Magazines
    • Website

    The MEET Magazines include regional and national publications that keep corporate, association, medical, education, independent, and religious meeting and event planners informed about relevant industry suppliers, news, tech innovations, and resources that impact and influence how and where they plan their upcoming company function(s).

    Related Posts

    Twist and Shout! Two Fundraisers for Two Historic Sappington Houses

    May 26, 2023

    The Lake of the Ozarks 26th Annual Spring Harbor Hop

    May 12, 2023

    SAHARA Las Vegas Announces New Security Executives

    May 11, 2023

    Comments are closed.

    For 20+ years, the MEET magazine have provided regional and national resources that have kept corporate, association, medical, education, independent, and religious meeting and event planners informed about relevant vendors, industry news, tech innovations, and resources that impact and influence how and where they plan their group business.

    Latest Industry Insights
    • Five Ways to See Autumn Colors Around the Ozarks Region
    • Upcoming Fall Events in Kansas City, Kansas
    • U.S. Hotel Results for Week Ending 16 September
    • Chef Kimber Dean Reveals New Catering Menu and Prepared Meals
    • Current Cyberattacks in the Hospitality Industry
    Quick Links
    • Home
    • Subscribe
    • Upcoming Events
    Our Magazines
    • MEET Missouri
    • MEET Kansas
    • MEET Med
    More Resources
    • Articles By Topic
    • Digital Flipbooks
    • Online Resource Directory
    © 2023 MEET Magazines. All rights reserved. Website managed and developed by PC40

    Type above and press Enter to search. Press Esc to cancel.