Hotel Industry Faces Huge Crisis in Coming Months, Discusses Recovery Solutions [Forbes]
Pebblebrook Hotel Trust Common Shares of Beneficial Interest (PEB)
Last pebblebrook hotel trust common shares of beneficial interest earnings: 2/20 04:06 pm
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Source: Forbes
The COVID-19 health crisis The American Hotel and Lodging Association The economic impact on the hotel industry is already more severe than the 9/11 and 2008 recessions, combined. The impact of the coronavirus pandemic on 33,000 small business owners who operate 66 percent of hotel properties across the country has been extremely severe with many considering shuttering and closing their doors for good within days if they haven’t closed already. Today In: Leading hotel CEOs met on March 17 with the White House to discuss urgent economic recovery solutions needed to protect millions of U.S. hotel employees and 33,000 small businesses as travel grinds to a virtual halt across the country. Hotels everywhere are on the verge of shutting their doors in the coming days – many by the end of this week. With 1 in 25 jobs supported by the hotel industry, the rapid pace of booking cancellations is having an immediate, negative ripple effect that risks seeing mom and pop hotel owners shutter,
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PEB
Earnings
- 11/7/24 - Beat
PEB
Sec Filings
- 11/13/24 - Form 4
- 11/13/24 - Form 144
- 11/13/24 - Form SC
- PEB's page on the SEC website