U.S. hotel, travel industry ask for bailout as job cuts begin

By Katie Paul and Nandita Bose SAN FRANCISCO/WASHINGTON (Reuters) - American hotel and travel industry executives from companies such as Marriott and Hilton met with U.S. President Donald Trump on Tuesday to discuss a potential $250 billion aid package, as thousands of hotel workers began furloughs due to the fast-spreading coronavirus. The requested package would consist of $150 billion (124 billion pounds) in direct aid for the hotel sector and $100 billion for related travel companies, including convention businesses, industry executives said on a call after the meeting with Trump, who made his fortune in real estate and hotels.

The post U.S. hotel, travel industry ask for bailout as job cuts begin appeared first on Firstpost.

from Firstpost