- Bloomberg, Wednesday, March 18, 2020 10:43 PM
Travel declines are costing U.S. hotels $1.4 billion a week, according to Bloomberg
, and one of the world’s biggest hotel companies has started to furlough hotel staff in an effort that
could affect tens of thousands of employees. A spokeswoman for the company, which employs roughly 130,000 associates across its managed hotels, said the company is shuttering some hotels and needs
fewer employees at the properties that remain open.
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