Scenes From A Pandemic Economy: 4 American Indicators
Consider This from NPR
NPR
4.2 • 6.2K Ratings
🗓️ 11 February 2021
⏱️ 15 minutes
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Summary
Brooke Neubauer in Nevada, founder of The Just One Project; Lisa Winton of the Winton Machine Company in Georgia; Lee Camp with Arch City Defenders in Missouri; and New Jersey-based hotel owner Bhavish Patel.
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Transcript
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| 0:00.0 | Babish Patel has been in the hotel business for decades. |
| 0:04.8 | So he's seen a lot of upheaval from 9-11 to the great recession. |
| 0:09.3 | And none of it has compared to this moment right now. |
| 0:13.0 | I think the pasture is the worst we've ever seen it. |
| 0:16.6 | Patel's family business owns seven franchise hotels, like Hampton Inn or Comfort Inn. |
| 0:22.0 | They're in Pennsylvania, New Jersey, and Illinois. |
| 0:24.9 | With COVID, basically most of our properties are either running like a between a 10 or 15% occupancy. |
| 0:31.5 | In a normal year, I know 100% occupancy is not normal. |
| 0:36.6 | What is typical for you? |
| 0:38.3 | So for us, we can range anywhere from 60 to about 75, 80% occupancy. |
| 0:46.7 | And now you're looking at 10 to 15%. |
| 0:49.0 | Now we're looking at 10 to 15%. |
| 0:51.4 | As a sane business, he has cut as deep as he can. |
| 0:55.0 | Some hotels only have one person working at a time since there are hardly any guests. |
| 0:59.9 | He's furloughed some employees and laid off others. |
| 1:03.1 | People who've worked for him for ages. |
| 1:05.2 | It really hurt me because you get to know these employees. |
| 1:08.9 | They're like family to you. |
| 1:10.8 | And you're their livelihood, too. |
| 1:13.3 | You're putting food on the table. |
| 1:15.4 | You know some of the kids. |
| 1:17.4 | And yeah, it was hard. |
... |
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