(Natural News) Jobs in the hospitality industry will be the hardest hit as businesses increasingly turn to automation in the face of the Wuhan coronavirus (COVID-19) pandemic. The prediction came from a study by the Royal Society for Arts, Manufactures and Commerce (RSA). Researchers from the London-based think tank found that the ongoing pandemic is increasing […]

(Natural News) The hospitality industry in the U.S. has been reeling from the effects of the coronavirus pandemic, with hotels furloughing their staff – if not laying them off. In fact, 74 percent of hotels would be forced to lay off more employees if the federal government does not help them tide over. A study […]

(Natural News) The development of the Airbnb concept was touted as the next wave in the hospitality industry, driven by a Silicon Valley-powered network and good old-fashioned principles of capitalism. Would-be entrepreneurs borrowed money to buy new properties they could ‘rent out’ as the virtual bed-and-breakfast idea took flight.  “At first it works. Your properties […]

(Natural News) While a number of experts have already warned that the impact of the Wuhan coronavirus (COVID-19) on the United States is expected to be tremendously negative, a respected hedge fund manager sounded an even louder alarm on Wednesday. In an interview with CNBC, Bill Ackman, founder of Pershing Square Capital Management, said that […]