New Report Shows Severity of COVID-19 Impacts on Hotel Industry

AHLA | April 23, 2020

Washington D.C. (April 23, 2020) — As COVID-19 continues to devastate the hotel industry, the American Hotel & Lodging Association (AHLA) released new data today showing that 70 percent of hotel employees have been laid off or furloughed as eight in 10 hotel rooms across the nation remain empty. As this crisis progresses beyond what anyone could have projected, the impact to the travel industry is nine times worse than 9/11, with forecasted occupancy rates for 2020 hitting record lows worse than rates in 1933 during the Great Depression. “With the impact to the travel industry nine times worse than September 11, the human toll o...