Key Industry Warns Of Mass Layoffs, Asks For Bailout

Via The Washington Examiner:

Hospitality industry leaders said on Tuesday that millions of hotel workers could be laid off because of the pandemic.

The leaders called on Congress and the Trump administration to provide $150 billion in financial relief for the travel sector as massive layoffs begin and hotel occupancy hits the single digits in many establishments. 

“Millions of people could get laid off in the next few days, not weeks,” said American Hotel and Lodging Association CEO Chip Rogers on a press call with reporters on Tuesday.

The coronavirus pandemic will have a more “severe economic impact on the hotel industry than 9/11 and the 2008 recession combined,” Rogers said on the phone call.

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