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Hilton hotel in NYC's Times Square to close as coronavirus devastates tourism
Hotels in a pinch amid coronavirus concerns
The hotel industry is struggling amid COVID-19 concerns. FOX Business’ Gerri Willis with more.
It may be located in the crossroads of the world, but the Hilton Times Square hotel in New York City will shutter in October, another sign of how the coronavirus pandemic has left lasting impacts on the travel industry.
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In a public filing on Monday with the New York State Department of Labor, the hotel's owners announced the “permanent closing” of the 478-room hotel on October 1.
Management told state regulators the closure was due to "unforeseeable business circumstances prompted by COVID-19."
HILTON PREDICTS IT'LL TAKE BETWEEN 2 AND 3 YEARS FOR HOTELS TO BOUNCE BACK AFTER CORONAVIRUS PANDEMIC
According to the WARN notice, the hotel said that it would cut 200 jobs, effective October.
Employees had been furloughed since March 16, which will "become permanent" between Oct. 1 and Oct 14, the public notice stated.