March 23， According to the Wall Street Journal Chinese website，Marriott International, the world's largest 188bet app group, and a growing number of 188bet app owners are arranging tens of thousands of employees to be furloughed or laid off，To overcome the difficulties of the new coronavirus pandemic。

Marriott、Hilton、Hyatt and other hotels have arranged unpaid leave for their 188bet app

Report display，Hilton 188bet app Group and Hyatt Hotels both stated in statements recently，With most travel plans around the world coming to a standstill，The two hotels will also arrange unpaid leave for more employees。

Marriott spokesperson confirmed，Among the 4,000 company 188bet app at its Bethesda, MD headquarters，About two-thirds will be placed on unpaid leave。Marriott will also arrange unpaid leave for about two-thirds of its overseas company 188bet app，But the spokesperson said，The number of Marriott overseas 188bet app is not immediately available。

Before this，Marriott decided to start arranging unpaid leave for employees，At the same time, we are increasing 188bet app closures around the world，The company estimates，This will involve tens of thousands of 188bet app employees，Including managers and room attendants, etc.。

Marriott CEO Arne Sorenson said in a video message to employees last Thursday，Marriott’s current business is about 75% below normal levels，For this 188bet app company with nearly a century of history，This period is more destructive than any period in history。Sorenson said，The resulting financial impact is greater than the post-9/11 period and the financial crisis combined。

Pointed out by Marriott，Company 188bet app will be on holiday starting early next month，This holiday is expected to last 60-90 days。The above spokesperson said，These American company 188bet app on temporary leave will only receive 20% of their wages，For health insurance benefits and other costs。The spokesperson said，Remaining 188bet app will take a 20% pay cut and shorter work weeks。

Marriott is the world’s largest 188bet app group，Its 30 188bet app brands total about 7,300 hotels，Nearly 1.4 million rooms around the world，But competitors such as Hilton and Hyatt have also taken measures to cut staff and costs。A spokesperson for Hilton said，Hilton has furloughed “tens of thousands” of employees，The spokesperson said: “Our top priority is to do what we can for our hotels and team members。”

A Hyatt spokesperson said: “The company has temporarily furloughed many 188bet app managers，And reduced work hours for most colleagues。American colleagues are still eligible for health insurance and other benefits，Some colleagues may also apply for unemployment benefits。”

Report pointed out，As governments implement travel restrictions in response to the epidemic，Global travel collapse upends 188bet app industry。Company stops business travel，Conference organizer cancels event，Those who want to take a vacation put their vacation plans on hold。The sudden disappearance of travel activities has left the 188bet app industry the first to suffer，In just a few weeks，The profits accumulated by many companies in the past few years have been wiped out。

Some 188bet app organizations are taking more drastic measures than Marriott，In some companies，At least 9 out of 10 employees have been furloughed or laid off。reported，Ashford Corporation is headquartered in Dallas，130 hotels in the United States。Monty Bennett, CEO of the company said，95% of 7,000 employees will be laid off or furloughed。He expected，About a third of these employees may not return to work later。

One of Ashford’s top priorities is dealing with billion- billion in debt。Bennett said，Some payments are due next month，He does not expect to be able to pay it all in full by then。Bennett said，Within the next 30 days，Maybe within 60 days，Every 188bet app in America will default on its debt，This is a snowballing disaster。

Said Jon Bortz, CEO of Pebblebrook 188bet app Trust, another 188bet app owner，About 90%-95% of the company’s 8,000 employees will be furloughed。He has ordered the closure of about half of his 54 hotels；Those hotels that remain open have seen occupancy rates drop to single-digit percentages。Bortz name，The situation is extremely difficult，Any industry that involves direct contact between people has been hit hard。Executives said，Because there is almost no business，There is no point in continuing operations。Bortz name，He expects most of Pebblebrook 188bet app Trust’s hotels that are still open to suspend operations within the next five days。

Report pointed out，B&B owners across the United States are having to make similar trade-offs。They said，As the occupancy rate drops sharply day by day，188bet app operators are finding it difficult to pay their employees，Not to mention paying other expenses and repaying debts。Owners are choosing to close more properties indefinitely，They feel they have little choice but to lay off employees，I just hope the company can survive。

Rick Takach, CEO of Vesta Hospitality, which owns and operates 17 hotels, said in Japan，He believes that cutting expenses is not enough。He said: "Deeper cuts are needed in this case。This means either significantly lower wages and reduced hours，Or layoffs，I 188bet app try to make a decision today or tomorrow。”

188bet app executives cut their salaries to tide over the crisis

188bet app executives also made sacrifices。Sorenson says in video，He and Marriott Chairman Bill Marriott will stop receiving salaries during this period。His executive team will take a 50% pay cut。Hyatt spokesperson said，CEO Mark Hoplamazian and Chairman Tom Pritzker will also forgo salary，Until May。

At Hersha Hospitality Trust which owns nearly 50 hotels，The company’s CEO and COO said，They 188bet app take a 50% salary cut，All Board of Trustee salaries for the remainder of 2020 188bet app be issued in the form of stock。

Sorenson and other 188bet app and travel industry executives met with Trump in Washington last Tuesday，At that time they asked for 0 billion in economic aid for these struggling industries。188bet app owners say，They need assistance，Can’t wait long。

*Source of 188bet app article: China-SingaporeLongitude and latitude, original title: "The "cold winter" of the epidemic: Marriott、Tens of thousands of Hilton 188bet app take unpaid leave, executives reduce pay》.