Not to be outdone by the airline industry seeking a $50 billion bailout, the hotel industry is now seeking $250 billion in assistance.
- $150 billion would go to owners of hotels and resort properties to continue to pay off loan payments and support employees who are being laid off
- $100 billion would go to providers of recreation and retailers
I think that rather than targeting individual industries like this a more thought out approach is needed. For example the American Hotel & Lodging Association is stating that $150 billion is needed for loan payments and supporting workers, but that isn’t a uniquely hotel specific problem. Many industries and individuals will struggle to repay loans and support workers during this period so let’s find a solution that helps to solve this problem rather than just providing individual industries with billions of dollars of support.
