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Coronavirus

U.S. Hotels Will Need More Than What’s in the $2 Trillion Relief Package: Industry Trade Group CEO

Cameron Sperance

Photo Credit: While the American Hotel & Lodging Association is pleased a $2 trillion coronavirus relief package passed in Washington, the trade group stresses more is needed to keep hoteliers and their employees afloat.  Needpix.com / Maliz Ong

Skift Take

While the federal relief package aimed at protecting small businesses and workers during the coronavirus economic downturn passed with impressive speed, it isn't a hotel industry silver bullet. The measure is likely just a first legislative step in getting hotels back to performance levels needed to return tens of thousands of furloughed employees to their jobs.

The $2 trillion U.S. economic relief package passed Friday to offset a coronavirus economic downturn is more of a lifeline than stimulus to the hotel industry, according to the CEO of one of the industry’s largest trade groups. U.S. President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security — or CARES — Act into law Friday. Many hotel operators qualify for some of the $500 billion in loans and loan guarantees the $2 trillion emergency spending package includes to businesses hit hard by the coronavirus economic downturn. While American Hotel & Lodging Association CEO Chip Rogers said the new law offers relief to the hotel industry, he adds more needs to be done to

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