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Hyatt imposes furloughs, pay cuts as coronavirus hurts hotels

Hyatt Hotels announced furloughs and pay cuts as the hotel industry reels from the coronavirus pandemic.

Hyatt on Wednesday said the pay cuts would affect all of its employees from April 1 through May 31. A company spokesperson was not immediately available to comment on the amount of the pay cuts.

The company will also impose temporary furloughs, though it was not immediately clear how many employees would be affected. Hyatt is also temporarily closing some locations.

The chain had about 55,000 employees at the end of 2019, according to its annual report.

“Given the financial impact on our business, we have had to make difficult decisions that both support the safety and wellbeing of our colleagues and guests, and protect long-term prospects for Hyatt,” the company said in a statement. 

The move comes after rival hotel chains Marriott and Hilton also recently confirmed plans to place thousands of workers on furloughs. The hotel industry has been smothered by the COVID-19 crisis, which has led to massive room cancelations.

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