All over for Orlando, hotels are laying off meeting and banquet staff. Many of those are very highend, career positions that pay significantly better then working in the parks for either Disney or Universal.
At Universal, the entire reason Royal Pacific and Sapphire Falls even exist is to serve convention and meeting business. The same can be said for the Hyatt’s, Hilton’s and Marriotts around town which include some of the largest meeting spaces in the country outside of Vegas. From first hand knowledge, many of these recent hotel layoffs are directly related to the complete evaporation of business travel. Leisure tourism is very much a secondary market for those properties.
At the moment, the buzz in the meeting industry is that we are starting to write off spring as well. When Covid hit in March, many of the Fortune 500 list put formal travel restrictions in place immediately through at least the summer. That was quickly extended through the end of the year. In the last few weeks, I’ve begun hearing and seeing ‘no earlier then April’ from some big names, and that’s if everything goes perfectly this winter. Conventions and meetings are typically planned 6-18 months in advance, so filling the calendar again is going to be a very slow process.