The hotel industry expects 44% of all US hotel employees could lose their jobs as the coronavirus outbreak drys up demand.
The American Hotel and Lodging Association says in a new study that the drastic decline in occupancy is causing hotel owners to implement "massive, unavoidable layoffs and furloughs," and believes it will only get worse.
“The impact to our industry is already more severe than anything we’ve seen before, including September 11th and the great recession of 2008 combined,” said Chip Rogers, President and CEO of the trade group.
The hotel industry directly employees or supports more than 8 million jobs in the US. The group estimates that more than 4 million have been lost already, or will be eliminated in the next few weeks.
The states expecting the biggest losses are California, Florida, Nevada and New York.
The American Hotel and Lodging Association represents companies across the hotel industry, including Marriott International, Hyatt, Hilton Hotels and Resorts, and Disney Parks, Experiences and Products.
Marriott International, the world's largest hotel chain, announced last week it had begun furloughing some of its 130,000 employees.