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Data: AHLA; Chart: Axios Visuals

Congress will return from its late summer recess soon and the hotel industry is pushing for new economic relief, warning that six months into the coronavirus pandemic in the U.S. it "remains on the brink of collapse."

What it means: A new report from the American Hotel and Lodging Association finds that heading into Labor Day weekend, which would normally be a boom time for the industry, 14% of hotels are booked, compared to 41% in 2019, and overall demand remains well below normal levels.

  • 33% of Americans say they have traveled overnight for leisure or vacation since March, and only 38% say they are likely to do so by the end of the year. 
  • 16% of Americans plan to travel for Labor Day, 25% for Thanksgiving and 29% for Christmas.
  • Four out of 10 hotel employees have not returned to work.
  • Nearly two-thirds (65%) of hotels remain half full or less — the threshold at which most hotels can break even and pay debt.

Where it stands: Treasury Secretary Steven Mnuchin on Tuesday urged Congress to pass another relief bill during a hearing before a congressional panel, saying he would call House Speaker Nancy Pelosi to negotiate.

What they're saying: "Our industry is in crisis. Thousands of hotels are in jeopardy of closing forever, and that will have a ripple effect throughout our communities for years to come,” Chip Rogers, president and CEO of AHLA, said in a statement.

  • "We are incredibly worried about the fall and what the drop in demand will mean for the industry and the millions of employees we have been unable to bring back."
  • "We need urgent, bipartisan action from Congress now."

Go deeper

Updated Dec 3, 2020 - Politics & Policy

Ivanka Trump deposed in suit involving inaugural committee's alleged misuse of funds

Ivanka Trump. Photo: Joe Raedle via Getty

Ivanka Trump was deposed in Washington, D.C., on Tuesday as part of an investigation into the possible abuse of inaugural funds, according to a court filing.

Why it matters: The Washington, D.C. attorney general’s office sued the 58th Presidential Inaugural Committee (PIC) in January, alleging the committee misused over $1 million in payments to the Trump hotel in D.C. for event space during the president’s 2017 inauguration. Those funds “flowed directly to the Trump family,” the lawsuit claims.

Ina Fried, author of Login
Dec 3, 2020 - Technology

Tech's race problem is all about power

Illustration: Eniola Odetunde/Axios

As problematic as the tech industry's diversity statistics are, activists say the focus on those numbers overlooks a more fundamental problem — one less about numbers than about power.

What they're saying: In tech, they argue, decision-making power remains largely concentrated in the hands of white men. The result is an industry whose products and working conditions belie the industry rhetoric about changing the world for the better.

U.S. economy added 379,000 jobs in February

Data: FRED; Chart: Axios Visuals

The economy added 379,000 jobs in February, while the unemployment rate dropped from 6.3% to 6.2%, the Labor Department said on Friday.

Why it matters: The first Biden-era jobs report shows hiring surged as coronavirus cases eased — though a full recovery remains far off. Economists expected the economy to add roughly 182,000 jobs last month, after adding a paltry 49,000 in January.

This story is breaking news. Please check back for updates.