November Quit Rates Soared in Hospitality. Are Restaurants and Hotels Doomed?

·3 min read
November Quit Rates Soared in Hospitality. Are Restaurants and Hotels Doomed?

In November, a record-setting 4.5 million U.S. workers left their jobs voluntarily, reports the Bureau of Labor Statistics. Meanwhile, hotels saw a devastating decline in bookings in 2020, and while things improved in 2021 thanks to a surge in leisure travel, many properties are still struggling with a massive revenue shortfall. Hotels are in a similar boat.

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