The hotel industry predicts that 44% of all hotel employees in the U.S. may lose their jobs because the coronavirus epidemic is draining demand.
The American Association of Hotels and Housing says in a new study that the massive drop in occupancy is causing hotel owners to “make massive layoffs and inevitable holidays” and thinks it will get worse.
“The impact on our industry is really more severe than anything we’ve seen so far. Including September 11th and the Great Recession of 2008 combined,” said Chip Rogers, Group President, and CEO.
Hotel Industry Says about Coronavirus
The hotel industry employs or directly supports more than 8 million jobs in the United States. The group estimates that more than 4 million lost or will be eliminated in the coming weeks.
The states that anticipate the largest losses are California, Florida, Nevada, and New York.
The American Hotel and Residence Association represents companies in the hotel industry, including Marriott International, Hyatt, Hilton Hotels and Resorts as well as Disney parks, experiences, and products.
Marriott International, the world’s largest hotel chain, announced last week that it had started firing some of its 130,000 employees.