A new survey by the American Hotel and Lodging Association (AHLA) found that the majority of hotels are hanging on by a thread.
Without a substantial government relief package, 74% of respondents said they would be forced to lay off more workers. Currently, 68% of hotels are employing less than half of their prepandemic staff.
Additionally, 67% of hotels reported that they won’t be able to last six months more without an improvement in occupancy rates and revenue. And nearly half are in danger of foreclosure by commercial real estate lenders.