The unemployment benefits extension bill is being voted on today; there is a strong prediction that the Senate will obtain the 60 votes needed. From there it goes to the House, and then to the President. As the changes in economy and unemployment swirl and change, the affects are also seen in the travel industry, and on hotels, as foreclosures on many operations is due to corporate cutbacks in business travel.
For example, California foreclosures advanced to 27 percent in the first quarter of 2010. A major hotel in that process is the Los Angeles Marriott Downtown -469 rooms. Additionally, overall, the lodging business is struggling with low occupancy, also related to the 15.5 percent unemployment rate in CA.
Other States that are experiencing this downturn include Nevada and Arizona. Add to that the Southeast States, GA, AL, FL, with the added challenge of the oil spill, meaning less travelers to those destinations, other hotels, lodges and vacation properties are in a flux.
Tracking the Unemployment Extension: http://www.opencongress.org/
On the lighter side, for those who want to take advantage of special packages and deals, they are readily available from numerous sources. The unemployment extension, if passed, will also have an effect on spending for travel, as families may still struggle to get in that camping trip for the summer months depending on the status of passing of Bill.
Here are some of the resources for travel destinations with savings at the top of the list:
State Parks, Camping – specials
Guide to Texas
Orlando – Kids for free.
Jamaica Upscale all-inclusive Resort
Curacao-5 night trip with $200 credit