Hyatt Regency Mumbai Hotel Has No Money To Pay Salary, Closed Work – The hotel has said in a statement that funds are very tight. There is no fund coming from Asian Hotels (West), the company that operates the hotel, so the business has to be closed.
Hyatt Regency Mumbai Hotel Has No Money To Pay Salary, Closed Work
The second wave of Corona crisis is proving to be havoc for the hospitality and tourism sector. How deep the crisis is, it can be gauged from the fact that the Hyatt Regency Hotel in Mumbai does not have the money to pay the salary of its employees and has temporarily closed its work.
The hotel has said in a statement that funds are very tight, so the hotel will remain closed till further orders. No funds are coming from Asian Hotels (West), the company that operates the hotel, so the business has to be closed.
What did the hotel management say?
Hyatt Regency said in a statement, “Want to inform all on-roll staff of the hotel that there is no funding coming from Asian Hotels West Limited, the owner of Hyatt Regency Mumbai, to pay staff salaries or run the hotel. can go Therefore, with immediate effect, it has been decided to temporarily stop all the work.
The hospitality sector has been hit the hardest
The hotel will now remain closed till further orders. It is worth noting that after the first wave of Korana since March last year, the hospitality sector related to tourism and travel has been hit the most due to the lockdown and the economic downturn. This sector has not even received any special relief package from the government.
In the midst of the Corona crisis, people have made only essential trips and by the time the functioning of restaurants etc. would have started, the second wave had arrived. Hotels and restaurants remained closed for months, no guests were coming. In such a situation, there is a big crisis in front of companies that for how long they should keep paying salaries to their staff. Not only this, even without any guest, the daily cost of operating these hotels is huge.