Maine hospitality industry expects $1B loss in 2020

BANGOR DAILY NEWS • October 6, 2020

Maine hospitality industry expects $1B revenue loss in 2020 as virus ends growth run,” Lori Valigra, BDN: “The 2020 analysis by University of Maine economists Todd Gabe and Andrew Crawley forecasted that revenues including multiplier effects for industries benefiting from the hospitality sector will be $5.2 billion, down $1.7 billion from 2019. The industry will provide 51,000 full- and part-time jobs, a loss of more than 28,000 from 2019. This new information ends a string of 12 straight years of record growth.”