by Ray Keating
September 18, 2020
The Orlando Sentinel is reporting that the Walt Disney World Swan and Dolphin Resort – a Marriott property – is laying off 1,100 employees due to low occupancy and cancelled events.
The Sentinel noted:
Even though all Orlando’s theme parks are open, September has been a brutal time for the industry as thousands of employees have recently been let go or placed on indefinite furloughs.
It also was reported that the 1,136 layoffs would be “permanent and effective Nov. 13.”
The “leisure and hospitality” sector has been particularly brutalized during this pandemic economy. According to U.S. Bureau of Labor Statistics data, total nonfarm private payroll employment declined by 9.76 million from August 2019 to August 2020, and 4 million of those losses came in the leisure and hospitality area. So, while leisure and hospitality accounted for about 13 percent of private payrolls, it has made up more than 40 percent of lost employment.
The Sentinel pointed out, “The Swan and Dolphin warned the economic impact will carry over into 2021.”
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