Hotel Industry in shambles...

[r2d2]

The hotel industry is crumbling -- and Uncle Sam may not be coming to the rescue. More than 2 million hospitality jobs have already disappeared during the pandemic. Within the next six months, a stunning 38,000 US hotels could be forced to close, according to the American Hotel & Lodging Association. "If we don't get a vaccine soon and business doesn't return, it's going to get much worse," Best Western CEO David Kong, the industry's longest-serving CEO, told CNN Business. There is so much pain and suffering, but they're numb to it because the stock market is doing well and unemployment is below 9%."  Kong, who in March met with President Donald Trump at the White House to discuss federal aid, expressed deep frustration with the leaders of Congress for failing to reach a bipartisan agreement on another round of fiscal stimulus. "They are just so stuck in their positions. I feel so aggravated by it. Why can't we work something out?" the Best Western CEO said. Like many hotels, Best Westerns are owned by franchisees, rather than a deep-pocketed corporation. These Best Western small businesses have cut an estimated 20,000 jobs since the start of the health crisis. That's on top of the layoffs of 800 corporate associates at the parent company that owns the hotel brand.

[dewarist]

A Great Man with big hands said - Look at the stock market, the economy is doing so well. Job creation is at its peak and even GOD cannot be better than him at creating jobs.

Promises made, promises kept ( secrets too ).

[snoww]

Indulo kooda mana gujju gallade kada major domination. 

[Ryzen_renoir]

1 minute ago, snoww said:

Indulo kooda mana gujju gallade kada major domination. 

Motel industry is different , they don't depend on the corporate travelers/tourists  like hotel .

Obviously business is down but unlike hotels they have much smaller staff and other costs  .

 

 

[Ryzen_renoir]

India lo kooda many tier 2 hotels are on the verge of bankruptcy . 

Big chains can survive this for longer but smaller chains cannot survive for long

[AnotherTeluguBidda]

Situation not good....I feel for all small businesses. Imagine someone taking out a loan and set up franchise 8n Feb. Btw best western kooda Gujaratis vi unnai chaala. This is a huge blow.

[Pitta]

[r2d2]

1 minute ago, Pitta said:

laughing at others' misery isn't good for your health... no I don't own a motel...

[Pitta]

Just now, r2d2 said:

laughing at others' misery isn't good for your health... no I don't own a motel...