Hotels Chains Maneuver to Deal With Coronavirus Gut Punch
Major hotel chains are undertaking financial moves to get past the coronavirus crisis. But without governmental relief, it likely won’t be enough.
From furloughs and layoffs to withdrawn guidance and loyalty program modifications, the big hotel chains were maneuvering to survive the novel coronavirus outbreak.
Meanwhile, the U.S. hotel sector is reportedly asking the Trump administration for $150 billion in direct aid, and $100 billion for other travel industry companies.