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Washington DC & Mid-Atlantic  + DC  + Hospitality  | 
ACRE Sells Westchester Hotel for $40M

Report: Leisure, Hospitality Accounts for 39% of Jobs Lost to Pandemic

Approximately 39% of all U.S. jobs lost since February of last year are in the Leisure & Hospitality industry, according to analysis of the latest Department of Labor national jobs report. The number is triple that of the next-hardest-hit industry.

The U.S. economy created 49,000 jobs in January, according to the report. But, according to analysis created for the U.S. Travel Association by research firm Tourism Economics, the Leisure & Hospitality sector lost 61,000 jobs last month. Without the decline in Leisure & Hospitality jobs, the U.S. would have gained 110,000 jobs overall. It was the second month in a row that the Leisure & Hospitality sector lost jobs despite overall U.S. employment gains.

“The math is pretty easy: the U.S. economy won’t get back on track until the Leisure & Hospitality sector is back on track, and that’s going to take aggressive policy actions,” said Roger Dow, CEO at the U.S. Travel Association. “Safely restarting travel needs to become a national priority, which means not only relief measures but pressing ahead on vaccinations and continuing to emphasize best health practices. This is an all-hands-on-deck problem, with the government, industry and also the public having important roles to play.”

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.