Tag coronavirus and hospitality

Tag coronavirus and hospitality

Why U.S. hotel industry could see approximately 4 million jobs wiped out this year

Tags: , , Digital Hospitality 360
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The hotel industry is being crushed by the impact of the coronavirus pandemic. Share prices are experiencing a sharp and steady decline. In the U.S. alone an estimated $1.4B in revenue is disappearing every week. The prediction is if occupancy levels fall by 30% this year, the U.S. hotel industry could lose approximately 4 million jobs. This would send a ripple effect around the world. Read More