Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.
Millions of hotel employees remain unemployed while travel demand continues to lag far behind normal levels as the U.S. enters month six of the pandemic, according to a recent survey by the American Hotel & Lodging Association (AHLA).
Continue Reading Below
The association's latest report, released just before a major holiday weekend, underscores the economic and human struggle of the industry, which has been hobbled by lockdown orders and safety restrictions meant to stem the spread of the coronavirus.
HOTEL INDUSTRY WARNS OF ‘UNPRECEDENTED’ SURGE IN CORONAVIRUS-RELATED FORECLOSURES
In its findings, AHLA discovered that four out of 10 hotel employees are not working and almost 65% of hotels are operating at or below 50% occupancy. This means more than half of hotels are operating below the break-even point, according to the report.