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Small business hotels need higher loan limits in the Paycheck Protection Program outlined in the CARES ACT to keep businesses open and their workers employed, according to the American Hotel & Lodging Association.
COVID-19 has stymied most traveling and crippled the hotel industry, AHLA wrote in a report released Tuesday. Hotel revenue has dropped to 20% compared to 2019 and while the CARES Act was helpful, the AHLA said more relief is needed.
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Jacqueline Thomsen
Jacqueline Thomsen, based in Washington, is a reporter covering D.C. federal courts and the legal side of politics. Contact her at [email protected] and follow her on Twitter @jacq_thomsen.
