“The hospitality industry will have to learn to function in a way not seen before. Unlike other sectors of the economy like technology and banking, the hospitality industry relies heavily on face-to-face interaction and physical guest services. In the meantime, businesses are having to come up with innovative ways to stay profitable. The pharmaceutical industry indicates that a cure for COVID-19 could take years. Many industry leaders speculate that normal life won’t resume until a vaccine for the virus is discovered and easily accessible to the masses.
#Staying afloat fort lauderdale full
The hospitality industry has endured a difficult four months and although it is making strides, no one knows how long it’s going to take for it to make a full recovery. However, it has become apparent that the hospitality industry is doing everything in its power to stay afloat during the flash recession. Īlthough Broward County is a few weeks into phase one of reopening, uncertainty still looms.
Within days of the shut down, an estimated 1.2 million people lost their jobs and more than 1.5 million unemployment claims were filed, according to the Florida Department of Economic Opportunity.
Ron DeSantis issued a statewide stay at home order that forced nonessential businesses like restaurants, hotels and shopping centers to close their doors. Around 1.3 million Floridians have jobs related to the tourism industry, which contributes $85.9 billion of the state’s GDP, according to A Banner Year for Florida Tourism Performance. 2 min read FORT LAUDERDALE - The hospitality sector is a vital factor in South Florida’s economy.
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