"US hotel operators said they are losing millions of dollars because of the government shutdown ahead of their busiest season of the year. In a Wednesday press release, the American Hotel and Lodging Association said that the shutdown has cost the hotel industry about $650 million to date and has had a "devastating impact" on the travel and hospitality sectors. Business Insider could not independently verify this figure."
""Economic uncertainty and waning consumer confidence are translating into booking cancellations and discouraging future planning, especially as we head into the heart of the holiday travel season," the association's president and CEO, Rosanna Maietta, said in the press release. "These essential industries fuel our economy, and we need our leaders in Washington to come together now and vote to reopen the government as soon as possible," she added."
U.S. hotel operators are losing millions because of the government shutdown ahead of peak season. The shutdown has cost the hotel industry about $650 million to date and has had a devastating impact on travel and hospitality sectors. Economic uncertainty and waning consumer confidence are translating into booking cancellations and discouraging future planning during the holiday travel season. A letter urging leaders to end the shutdown was signed by 30 hospitality associations and covered properties in at least 28 states and Puerto Rico. The shutdown began on October 1 after lawmakers failed to agree on the government budget and has become the second-longest in U.S. history.
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