The Current State Of The Hotel Industry Isn’t ‘Sustainable’ Without Government Funding, CEO Says

Topline

The American hotel industry could be on the brink of collapse with as much as two-thirds of the nation’s hotels set to shutter in six months without financial help from the government and millions of industry workers laid off, a situation CEO of Best Western Hotels David Kong told CNBC on Monday was “not sustainable.”

Key Facts

Hotels have been the victim of a devastating one-two punch from the coronavirus pandemic, with forced closures leading to massive layoffs, and a sharp decline in bookings with travelers afraid checking in might mean contracting the virus.

“It’s really hard to say when a recovery is going to be. This situation we are in now, it’s not sustainable. It’s really bad,” Kong, who recently spoke with both the White House and Congressional Democrats about stimulus funding, told CNBC.

Kong noted the

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Hariri Says He Isn’t Candidate to Form Lebanon Government

(Bloomberg) — Saad Hariri, Lebanon’s former premier close to Saudi Arabia, said he won’t be a candidate to form a new government, a day after Prime Minister-designate Mustafa Adib stepped down.



a man wearing a suit and tie: THE HAGUE, NETHERLANDS - AUGUST 18: Former Prime Minister Saad Hariri gives a statement to the press outside the Lebanon Tribunal on August 18, 2020 in The Hague, Netherlands. The Special Tribunal for Lebanon delivered a guilty verdict against one of four men on trial for the 2005 assassination of former Lebanese Prime Minister Rafik Hariri. Salim Ayyash was convicted on murder and terrorism charges, however the other three men were acquitted. All four were affiliated with the Shia militant group Hezbollah and had been on trial in absentia since 2014. (Photo by Pierre Crom/Getty Images)


© Photographer: Pierre Crom/Getty Images Europe
THE HAGUE, NETHERLANDS – AUGUST 18: Former Prime Minister Saad Hariri gives a statement to the press outside the Lebanon Tribunal on August 18, 2020 in The Hague, Netherlands. The Special Tribunal for Lebanon delivered a guilty verdict against one of four men on trial for the 2005 assassination of former Lebanese Prime Minister Rafik Hariri. Salim Ayyash was convicted on murder and terrorism charges, however the other three men were acquitted. All four were affiliated with the Shia militant group Hezbollah and had been on trial in absentia since 2014. (Photo by Pierre Crom/Getty Images)

Hariri, head of the Sunni-dominated Future bloc, said he supports the initiative by French President Emmanuel Macron

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Isn’t The Politics Of Hope, Better Than HATE?

Students of history, are probably, having an eerie feeling, We’ve Seen This Before! This isn’t the first time, autocrats, xenophobics, race/ ethic – bating, individuals, have assumed leadership positions, of major nations, and, it generally, has not worked out, well, for most of the citizens, involved! Do we really want to continue, living through, this latest version, of the politics, of HATE? Wouldn’t the best interests, of our nation, and all its citizens, be, better off, if we were led, by someone, who practiced, the politics of hope, instead? With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, using the mnemonic approach, what this means, and represents, and why, in these days, when the level of polarization, appears to be, at an, all – time, high, a necessity, and priority.

1. Humanity/ humane; hurtful/ heading; healing/ harmful: What has happened to … Read More