Young couple on a business trip checking-in at the hotel gettyThe coronavirus pandemic has affected every sector across the globe, and the hotel industry is among the hardest hit. As devastated industries wait for Congress to pass another round of COVID-19 recovery legislation, a new survey of American Hotel & Lodging Association (AHLA) members shows that the hotel industry remains on the brink of collapse because of the pandemic. AHLA conducted the survey of hotel industry owners, operators, and employees from September 14-16, 2020, with more than 1,000 respondents. To raise awareness for hotel industry priorities, AHLA has rallied its members to “Save Hotel Jobs,” a grassroots initiative for hoteliers across the country to urge lawmakers to swiftly pass additional stimulus relief before departing on recess to campaign. Among hotel owner respondents, nearly half are in danger of foreclosure by commercial real estate lenders.

Source: Forbes September 25, 2020 13:07 UTC