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Hotels seeing historical lows in revenue

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WESLACO, Texas – At the Super 8 Hotel in Weslaco business is the slowest it has ever been.

For the last five years Karan Singh and his family have ran the 52-room establishment located on E. Expressway 83.

We’re barely hitting double digits so that’s insane,” Singh explained.

He says business has dropped, going from booking 30 rooms per day to five if they are lucky.

Very difficult to pay bills right now and just to keep the lights on and water running. We’re barely paying bills right now,” said Singh as he described the hardships his business is facing in the midst of the pandemic.

The Super 8 Hotel is among the thousands across the nation experiencing the historic low in occupancy.

According to the American Hotel and Lounging Association, 2020 has seen a 50 percent revenue decline.

It’s projected to be the worst year on record for hotel occupancy, far worse than the Great Depression.

Causing many like Singh’s business to cutback, “We’ve cut breakfast hours, so there’s no breakfast at all. We’ve closed down the second floor so what that does is if there’s a pipe leaking it’s not going to leak anymore because the water and electricity are closed,” he added as he listed the efforts his business is taking to save the extra buck.

Singh’s business is applying for any assistance available, like the Paycheck Protection Program, which has allowed him to continue to pay his employees.

But Singh said that what he and others are hoping for the most is a tax break that could allow them to keep their doors open.

This is our bread and butter it’s difficult to see it you know just go so low overnight,” Singh said.

An effort that could help hospitality businesses like his survive this uncertain time.

We reached out to the office of Congressman Vicente Gonzalez who tell us they’re looking at a fourth package regarding COVID-19 soon and are considering all options where hotel owners and operators could get a possible tax break. 

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