Choice Hotels Goes Deeper on U.S. Job Cuts Amid Longer Recovery Expectations
Photo Credit: Choice Hotels permanently laid off all U.S. corporate employees that had previously been placed on a 60-day furlough. Choice Hotels International
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Choice Hotels' permanent job cuts show even companies that rely more on the rapidly recovering drive-to, leisure travel segment aren't immune to coronavirus' negative business impact.
While global hotel occupancy rates continue to rise from record lows seen during the peak of coronavirus lockdowns, hotel companies continue to signal it will be a while before they need pre-pandemic levels of employment.
Choice Hotels has laid off all previously furloughed U.S. corporate staff. A company spokesperson declined Tuesday to disclose how many employees were impacted. But an April filing with the U.S. Securities and Exchange Commission shows 15 percent, or 220 employees, of Choice Hotels’ domestic workforce had been placed on a 60-day furlough.
“Choice Hotels
