I'm sure that our political leaders believe this is all a case of Chicken Little. And sadly, they likely believe the data coming from the American Hotel & Lodging Association (AHLA) is being manipulated to paint a darker picture than reality warrants. Of course, that begs the question: If the AHLA isn't surveying its members, who would?
The latest intel is scary as shit. 71% of hotels will be forced to shutter in the next 6 months without immediate assistance from local, State and Federal governments. I'm quite sure that the release of the vaccine is causing our elected officials to believe that they've dodged a bullet. Surely, impacted businesses can hold on until Spring, they likely think.
No. Every day that this industry is forced to wait is a death warrant for some of those 71%. The study shows that 71% will fail by June...but how many will close in January and February, typically the slowest occupancy months of the year in North America? 20%? 25%?
And how many restaurants and retailers, hoping against hope that they'll score enough revenue over the Holidays will wake up on New Year's Day and say "we're out?"
If action doesn't come swiftly, I wonder how many elected officials will have challengers in the next election that have lost everything because of our government's ham-handed response to the virus, have a compelling story to tell and knowledge of what it takes to make an economy hum...and will kick their uncaring partisan asses to the curb.
While it's the last thing I want to see...we'll likely all be better off in that scenario.
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