HOTEL EMPLOYMENT BLUES

Since American politicians began locking down the nation in March, only 37 percent of hotels have brought back half or more of the full-time workers laid off earlier this year according to the American Hotel & Lodging Association (AHLA).
The survey also found that:

• 87 percent of U.S. hotels laid off workers due to the shutdown;
• 36 percent have not recalled any workers back to full-time employment;
• 24 percent have returned to pre-shutdown staffing of 60 percent or more;
• 29 percent are at or below 20 percent of their pre-shutdown staff levels;
• more than 50 percent of respondents believe they are in danger of losing their property to mortgage foreclosure as a result of the shutdown.

TREND FORECAST: As we have continually forecast, with facts and data, there will be sharply rising bankruptcies throughout the hotel industry as tourism and business travel register sharp declines.  
Beyond the hotel industry and those employed by it, the economic fallout will ripple through all the businesses and industries that serve it. From food and product suppliers, entertainers to the lack of new construction, since supply of hotels will be much greater than demand, cities, towns and villages reliant of hotel business will also be hit hard.