Total nonfarm payroll employment fell by 701,000 in March, and the unemployment rate rose to 4.4 percent. These changes reflect the effects of the coronavirus (COVID-19) and efforts to contain it. Employment in leisure and hospitality fell sharply, with smaller job losses in other industries.
Caesars Provides Business Update Related to COVID-19 Impact
Condor Hospitality Trust, Inc. (NYSE American: CDOR), a hotel-focused real estate investment trust (REIT) headquartered and incorporated in the state of Maryland, provided an update today on its response to COVID-19.
RLJ Lodging Trust Announces Action Plan to Mitigate Impact of COVID-19
As COVID-19 concerns and restrictions have intensified in India, the countrys daily hotel occupancy dropped to 11% during 23-29 March, according to preliminary data from STR.
Announces Organizational Changes; Implements Reduction in Force and Other Cost Savings; Provides Operational Update Related to Covid-19
Urgent call to prevent Travel & Tourism sector buckling under the pressure of COVID-19
Following the enactment of the Families First Coronavirus Response Act on March 18, 2020, the Department of Labor has clarified which employers will be impacted by the Act and how they can comply with its mandates. Marta Fernandez, hotel lawyer and a partner in JMBMs Labor & Employment department, has answered some of the most frequently asked questions by employers about the Act which goes into effect on April 1, 2020.
The hospitality association has rescheduled its 2020 events for Fall to accommodate for current social distancing measures. The events will run the week of October 26-29 at the Henry B. Gonzalez Convention Center in San Antonio, Texas USA.
The Indian hotels sector has been significantly impacted by Covid-19 as demand is at an all-time low. In our latest report, we have tried to quantify the impact, while discussing some immediate steps needed to help the sector get back on its feet.