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USA Today: 'Facing a catastrophe': Hotel industry, suppliers seek $250B bailout

USA Today: 'Facing a catastrophe': Hotel industry, suppliers seek $250B bailout

Old Mar 17, 2020, 4:31 pm
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USA Today: 'Facing a catastrophe': Hotel industry, suppliers seek $250B bailout

The hotel industry is seeking a total of $250 billion in bailouts for owners, employees and suppliers, saying devastated room bookings due to the coronavirus are resulting in closures and mass layoffs.

Hotel executives said they detailed the devastation that the travel pullback is having on their industry in a meeting Tuesday with the Trump administration.
https://www.usatoday.com/story/trave...on/5073374002/
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