Marriott International is poised to furlough tens of thousands of employees in the form of reduced hours or temporary leave as the hotel chain deals with a wave of cancellations due to concerns over the coronavirus outbreak.
The W Hotel in San Francisco already closed its doors due to lack of demand. It's not clear when the towering, 400-room hotel will reopen.
The hotel industry in San Francisco is one of the city's most lucrative. A report last year from the Hotel Council of San Francisco and Beacon Economics said hotels generated $11.8 billion in 2018.
Other industries also are feeling the effects of the coronavirus outbreak, with restaurants and bars closing across the country for safety purposes, affecting more than 7 million workers, according to a report by outplacment firm Challenger, Gray & Christmas.
As for Marriott, the company hopes to bring back workers onto its payroll as soon as the pandemic is over.
