Tourism News Share wonderful travel information

booking

With millions unemployed, hotel industry lobbies to spend stimulus on other needs

2020/4/20 16:51:06
Hotels were among the earliest businesses to feel the economic sting from coronavirus shutdowns and the first to ask Congress for aid, as top executives hurriedly met with President Trump to ask for $150 billion in mid-March.

But less than three weeks after Trump signed the stimulus package into law, hotel owners say they may not even be able to use the funds unless Congress makes changes.

One provision, for instance, requires that hotel owners rehire their staff by the end of June, even though many owners say they have little idea when the business will return.

Bookings at her Econo Lodge outside Buffalo began disappearing in early March, said Julie Stone, a third-generation owner of the property. When business dropped off completely, she laid off 12 of her 14 workers. She has applied for a small-business loan from the stimulus package but isn’t sure she could use it if she gets approved.

“If this sickness drags on and on, then I need my people when I am ready to really go back to business,” she said. “It’s not clear that if I get a check tomorrow, is that good? Because I don’t really need them right now because I don’t have any business.”

Altering the legislation, as the industry’s top lobbying group called for in a letter to congressional leaders April 8, carries its own concerns. Workers and unions say the multibillion-dollar chains that own the hotel brands, such as Marriott and Hilton, are angling to use the $2 trillion stimulus package, called the Cares Act, to prioritize payments to shareholders and Wall Street lenders over workers.

One proposed change in the letter to congressional leaders from the American Hotel and Lodging Association would allow hotel owners to use more of the stimulus money on fixed costs such as franchise fees, which they pay monthly to the chains, even as workers remain home.
Author:管理员

Prev: Travel companies rely on live streaming, advance purchase deals

Next: Asian aviation rebounds slowly after a 47% decline in scheduled seats

Back

All-legend Hot-spring Resort Hotel traffic info

Business zone:Peripheral economic development zone
Area:wuqingqu
Address:Tianjin · Tianjin · wuqingqu - 18 Xinyuan Road (Xinyuan Dao), Development Area Tianjin China

All-legend Hot-spring Resort Hotel reserve:020-86009099 (CouponCode:12348) Busy or no answer, online booking please!
Catering Entertainment:022-22163939   Meeting room reserve

All-legend Hot-spring Resort Hotel address: 18 Xinyuan Road (Xinyuan Dao), Development Area Tianjin China

天津奥蓝颐泉度假酒店All-legend Hot-spring Resort Hotel Sitemap

Disclaimer: We are partners of Ctrip (including Tongcheng Elong, Qunar,Zhuna, etc.), booking, Agoda and Expedia. We only provide All-legend Hot-spring Resort Hotel online booking service for you. Your reservation will be forwarded to the hotel by Ctrip, Tongcheng Elong and other partners. If there are problems such as liquidated damages, Tongcheng ELong or Ctrip will deduct the money and transfer it to the hotel, We are not the official website of All-legend Hot-spring Resort Hotel, please know.