Posted: Oct 6, 2021 / 6:34 am HST
Updated: 10/6/2021 / 6:48 AM HST
HONOLULU (KHON2) – Hawaii’s hotels are expected to lose more than $ 1 billion by the end of this year.
That comes from a report by the American Hotel and Lodging Association. The biggest impact comes from a huge drop in business travel.
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“That is of course a significant loss,” said Mufi Hannemann of the Hawaii Lodging and Tourism Association (HLTA). “We look forward to business trips because it is the travelers we want to address. The person will come here for a structured meeting, conversation, they will spend money, it will circulate throughout the economy and we haven’t seen that come back. “
The sharp drop in sales has a trickle-down effect and, according to the report, could represent a loss of more than 12,000 jobs.
The delegation of the US Congress presented the “Save Hotel Jobs Act” in support. If approved, hotel workers laid off due to the pandemic could be granted wage and tax credits.