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HONOLULU (KHON2) — Hawaii’s hotels are projected to lose more than a billion {dollars} by the tip of this year.
That’s in accordance to a report by the American Hotel and Lodging Association. The largest impression coming from an enormous drop in business travel.
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“Its a significant loss obviously,” stated Mufi Hannemann of Hawaii Lodging and Tourism Association (HLTA). “Business travel is one that we really look forward to, because it’s the traveler that we’re trying to attract. The person is going to come here for a structured meeting, a conversation, they’re going to spend money, its going to circulate throughout the economy and we haven’t seen that come back.”
The sharp drop in revenue has a trickle down have an effect on and in accordance to the report may equate to more than 12,000 jobs misplaced.
The U.S. Congressional delegation launched the ‘Save Hotel Jobs Act’ to assist. If accepted, it may present pay and tax credit for lodge employees who’re laid off due to the pandemic.
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