Business isn’t exactly booming for Neema Hospitality, which owns a dozen hotel franchises in the mid-Atlantic region, but it’s gradually improved from the depths of the COVID-19 recession.
Hotel occupancy averaged 30% to 35% last month, down from 40% to 50% in a normal January but that gap between crisis and pre-crisis revenue has narrowed slightly each month, says Sandeep Thakrar, the company s president. More significantly, Thakrar says his hotels are starting to book stays for weddings, school athletic games and other events in the spring as Americans look forward to warmer weather and widespread vaccinations.
As a result, Thakrar has been looking to hire a couple of workers at each of his hotels for the past few months.
More temps, more hours: Signs of an improving economy emerge despite pullback in hiring Paul Davidson, USA TODAY
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Business isn’t exactly booming for Neema Hospitality, which owns a dozen hotel franchises in the mid-Atlantic region, but it’s gradually improved from the depths of the COVID-19 recession.
Hotel occupancy averaged 30% to 35% last month, down from 40% to 50% in a normal January but that gap between crisis and pre-crisis revenue has narrowed slightly each month, says Sandeep Thakrar, the company s president. More significantly, Thakrar says his hotels are starting to book stays for weddings, school athletic games and other events in the spring as Americans look forward to warmer weather and widespread vaccinations.
U S labor market struggling, but light at the end of tunnel - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
The number of Americans filing new applications for unemployment benefits fell slightly last week as the labor market continued to tread water, but a drop in new COVID-19 cases has raised cautious optimism that momentum could pick up by the spring.
Staffing Employment Shows Promise in Third Quarter yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.