80% Of NYC Hotels Could Default In The Next 6 Months, And They’re Telling Everyone To Avoid Hotels! (Video)

80% Of NYC Hotels Could Default In The Next 6 Months, And They’re Telling Everyone To Avoid Hotels! Video by Silver Report

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The tourism industry has been broken beyond repair it seems, perhaps that was the purpose of telling everyone to avoid hotels. It wouldn’t matter anyway since business travels has collapsed as we covered in the previous episode. I wanted to talk about cruise lines and Airlines because these industries have been battered demand has plummeted and they have been desperate to convince investors they are still a sound industry. The V-shaped recovery was the story for the longest time but suddenly that has all gone silent and everyone begins to talk about the coming darkness that is supposedly “better” and telling everyone to avoid air travel, cruises, bus trips, hotel stays, etc…

These companies have been struggling to survive as well as many small businesses in America. In the letters to investors, these companies have been trying to portray an unrealistic view that they have sound prospects in the near term. Many have acknowledged they will fail without more state intervention and now they are directly asking people to avoid giving them any business. They’re asking people to stop going to the store and stop traveling and not seeing their family. None of this has anything to do with economic growth in fact I have that feeling you get when you’re at the top of a roller coaster and the chain disengages…

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