The government shutdown is costing the hotel industry billions of dollars, putting jobs at risk
Rep. Mike Lawler, RN.Y., joins Maria’s Morning to discuss the ongoing government shutdown after a vote that will fail to support Zohran Mamdani’s staff as New York City Mamdani as New York City Mayor.
Millions of hotel workers face an uncertain future ahead of the holiday season as a protracted government weighs on the industry.
Most of the hotel industry associations across the country wrote to the leaders of the House of Representatives and the Senate, urging them to end the government shutdown, which is in its 28th day.
Each day of the shutdown, the American Hotel and Lodging Association (Ahla) estimates that it costs the economy $ 31 million for the one lost that can be made by the hotel stays. As of last week, Ahla estimated that the hotel industry has already lost $650 million in business. About 9.2 million jobs are supported by the US hotel industry.
Business groups warn the government shutdown will ‘harm small businesses and increase the cost of the American economy’
The industry insider told FOX Business that there is a lot of uncertainty among workers in the industry as hotels, especially those who depend on business travelers from the state, see Drow-off traffic.
Each day the closure continues, the American Hotel Association estimates that it costs the economy $31 million in lost work that would otherwise be done by hotel stays. (Pet Pictures)
However, AHLA stresses that the effects of the lockdown are far reaching across the tourism and hospitality sectors more broadly.
Bessent says the government shutdown is ‘starting to cut the muscle’ and the economy could cut billions a day
“The hotel industry sees $650 million in lost business and the holiday season is upon us, the uncertainty of U-COSLANNA MAITTATWA, adding that the hotel industry is important to the strength of the US economy.
It supports 2.1 million direct jobs – one in every 25 in the US economy – and nearly 9 million jobs nationwide, according to Ahla.
Most of the hotel industry associations across the country wrote a letter to congressional leaders urging them to end the government shutdown. (Stock)
Hotels generate more than $894 billion in gross domestic product annually and contribute $85 billion to the state, in combined domestic and fiscal taxes, it is estimated.
It’s not just hotels that take a hit from drop-off guests; The surrounding communities are also taking a hit. For example, for every $100 a person spends on accommodation, hotel guests spend another $234 during their trip, according to Ahla.
Prediction markets are seeing a cloudy outlook as traders are betting on an extended shutdown
Asian American Hotel Association CEO Laura Lee Blake said in a statement that even the strongest businesses cannot thrive in uncertainty for long.
Hotels generate more than $894 billion in gross domestic product annually. (Pet Pictures)
“The ramifications of this shutdown are from the front desks of every community. It’s time for Congress to take a stand on the gridlock on the economy,” Blake said.
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White House spokesman Taylor Rogers clarified this view, saying that if the shutdown continues for a long time, “the economy and critical industries, such as tourism and hospitality, are hurting.”
