Hotel industry seeks $250 billion bailout package

The hotel industry is looking for a total of $250 billion in bailouts for operators, staff and vendors, saying that devastated coronavirus room bookings result in closures and mass layoffs.

The industry is hoping for $150bn to allow hotel owners to continue making loan payments and to help laid-off employees. Another $100 billion would go to suppliers, from retailers to recreation providers.

In several cities, including Seattle, San Francisco, Austin and Boston hotel occupancy has dropped below 20 percent. Hotels are forced to close and have their workers laid off. Public health authorities also urged people not to move or meet in groups to prevent the virus from spreading.

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