CDN Hotel Assoc. Predicts 200,000 Jobs Lost As Occupancy Drops Below 10%
Anna Kroupina, Open Jaw
The Hotel Association of Canada says industry business has "completely crashed" over the past 10 days as countries around the world close their borders to non-essential travel and encourage their citizens to practice self-isolation in an effort to slow the coronavirus pandemic.
The national occupancy average is below 10% and hotels are closing all over the country, said the association.
"Most of our industry will close its doors before this is over. That means 200,000 – 250,000 jobs lost. Those layoffs have occurred in the tens of thousands already," it said in a statement.
"Our primary concern is for our employees and our hotel owners – many of whom are small, family run operators. They need access to liquidity and flexibility from financial institutions in order to stay afloat."
Anna Kroupina Journalist
Anna is OJ's newest member and she joins the team as a writer/reporter. She co-writes the daily news and covers events. Although she's new to the industry, pursuing a career path in travel/tourism has been a goal since her first family road trip to the Florida Keys sparked a desire to discover the world and this exhilarating, fast-paced industry.