Why There Is Hope Amid The Despair For The Hospitality Industry

Author: External Author | | Categories: Financial Analytics , Hotel Accounting , Hotel Bookkeeping , Restaurant Accounting , Restaurant Bookkeeping , Tax Preparation

Deserted airports, lists of countries not to visit, historically low occupancy rates for hotels, unable to crawl back beyond the 10% mark. Unsettling tales abound, and for good reason: we're facing a violent reality made of layoffs, financial distress, bankruptcies and uncertainty. In this most worrying context, solidarity and compassion must be shown towards the thousands of employees pushed into precarious situations.

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Original Article Source Credits: Hospitalitynet, https://www.hospitalitynet.org/

Article Written By: Sherif Mamdouh

Original Article Posted on: 18th November 2020

Link to Original Article: https://www.hospitalitynet.org/opinion/4101687.html

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