New York, San Francisco and Seattle, said
occupancy levels have dropped into the single
digits. The company has laid off more than
4,000 of its 8,000 employees, and is likely to let
go another 2,000 by the end of March, he said.
“We are looking at closing the doors at more
than half of our properties,” he said. Chip Rogers,
president of the American Hotel & Lodging
Association, said the hotel industry has already
suffered more damage than caused by 9/11 and
the 2008 financial crisis combined.
coco
(coco)
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