The shortage of hotels is taking a toll on the lives and livelihoods of people in the United States.
According to a new report from the National Association of Hoteliers, hotels are suffering a $5 billion annual loss because of a shortage of rooms.
Many of the hoteliers surveyed by the association say they are facing a “nightmare scenario” because of the lack of available room space.
“The number one challenge is a lack of beds.
That’s the biggest challenge for hotels,” said Larry Mancuso, president of the National Hotel Association.
“The other big challenge is the lack.
Mancusa said hotel owners, along with the government, have been slow to respond to the problem. “
And that’s really the biggest problem, because the lack is affecting every aspect of the hospitality industry, from hotels to hotels to restaurants to everything else.”
Mancusa said hotel owners, along with the government, have been slow to respond to the problem.
“We have not responded to this issue in a timely manner,” he said.
“That’s our big challenge.”
The hotel industry is not the only industry suffering a shortage.
Mancusa said many restaurants, hotels and retail stores are also struggling with a shortage because of increased competition.
“There is a great deal of competition in every sector,” he added.
Mancusa added that hoteliers are not the first to be hit with a hotel shortage.
The National Association has warned that the hotel industry may experience a shortage in hotel rooms as the economy continues to struggle with unemployment.
“I think we are at a time where the industry has not responded very well to this,” Mancua said.