Hotel room occupancy in connection with the coronavirus pandemic has fallen from 67% to less than 20%, millions of Americans are at risk of losing their jobs.
President Donald Trump held talks with leaders of the American tourism industry, retail and wholesale trade to supply production to find possible ways to overcome the economic crisis that arose as a result of the coronavirus pandemic.
The meeting at the White house with leaders of the tourism industry was attended by the heads of major hotel chains and entertainment industry-Hilton, Best Western, Marriott, InterContinental, Choice Hotels, Wyndham Destinations, MGM Resorts and Walt Disney.
According to Chip Rogers, President of The American hotel and housing Association, if last year the average occupancy rate in American hotels was 67%, now it is less than 20% and continues to decrease, reaching 5-10% in some chains.
“If we grow to 35% occupancy by the end of the year, and if something else doesn’t happen, about 4 million jobs will be lost,” Rogers warned.
“We know that your industry has been most affected by the virus’s impact on the economy. Our goal is to defeat the virus, and we will do it aggressively, so that we can recover stronger than ever before, and this is what we are doing,” the President said, stressing that now all political forces have united to bring the country out of the crisis.
Donald Trump also held a telephone meeting with the heads of retail and wholesale companies that supply production.
The meeting discussed the benefits of removing Federal restrictions on the automotive industry to maximize the efficiency of the entire distribution network.
The President and CEOs agreed that American supply chains are the most powerful in the world, and that continued collaboration and coordination between the private sector and all levels of government is essential to mitigate the impact of the pandemic.