8. Hotels Were Also Bailed Out
The travel industry was one of the most immediately affected, outside of healthcare, due to the current crisis. Stay-at-home orders meant very few people are traveling, work events are being canceled, and no one is booking hotels.
The result is hotel staff getting furloughed as the industry struggles to survive. Like airlines and cruise lines, hotels took home a massive share of the bailout money. Nevertheless, the question remains: Do they deserve it? Would better financial practices have helped them be prepared for the crisis?