(Center Square) – Hotel job losses in Louisiana will number 54,182 this year, out of a total of 120,404 hotel jobs in the state, according to projections by the American Hotel & Lodging Association (AHLA).
Hotel job losses and employee furloughs are unprecedented and increasing by the week, the AHLA reported. The industry supports about 8.3 million jobs nationwide, either directly or indirectly, according to the association.
2020 is expected to be the worst year on record for the hotel industry, with eight in 10 hotel rooms remaining empty during the coronavirus pandemic and an overall 50 percent drop in revenues for hotel operators, the analysis says.
Overall, more than two-thirds of U.S. hotel workers are unemployed or furloughed, according to related studies by Oxford Economics.
Published by the Center Square.