The Long Term Financial Recovery Steps For Restaurants and Hotels

Two of the industries that have felt the largest impact from the current COVID-19 health crisis are the restaurant & hospitality industries. Restaurant owners across the nation are quickly scrambling to figure out how to best maximize their workforce for a delivery and takeout-only culture for the foreseeable future.
The largest hotel brands are trying to minimize the amount of employees that will have to be furloughed until the travel industry starts to recover once the stay-in-shelter orders are hopefully lifted later this spring.
With so much uncertainty still for these two industries, The Voice of B2B speaks with Christa Jaganath CPA, Audit Senior Manager at Briggs & Veselka Co., about how the first round of the stimulus bill impacted the response by hoteliers and restaurant owners.
As the pause in our country’s economy that was expected to be temporary appears every day to last much longer than anticipated, we asked Jaganath what the long term financial recovery steps are that businesses should start preparing for.

Every Thursday Sarah Dandashy will give an update about the Hospitality Industry!

Say Yes to Travel with Sarah Dandashy

For the latest news, videos, and podcasts in the Food & Beverage Industry, be sure to subscribe to our industry publication.

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

 

Follow us on social media for the latest updates in B2B!

Image

Latest

Engineering
Scaling Experiential Learning in the Curriculum: How Iron Range Engineering Transformed Engineering Education
June 1, 2026

Engineering has transformed nearly every part of modern life, from the phones in our pockets to the systems powering global industry. But the way engineers are educated has often moved far more slowly than the profession itself. Employers are asking for graduates who can navigate ambiguity, communicate across teams, and contribute meaningfully from the…

Read More
vascular surgeon
When Geography Meets Purpose: How One Move Reshaped a Vascular Surgeon’s Career
May 28, 2026

Medicine isn’t what it used to be—not for the people practicing it. Independent physicians are becoming the exception, not the norm, as more doctors move into hospital systems, corporate groups, and academic networks. At the same time, the pipeline of specialists isn’t keeping pace with growing patient needs, particularly in complex fields like vascular…

Read More
safer HVAC chemicals
From Second Chances to Stronger Teams: Bradley Henderson on Structure, Culture, and Trades-Based Redemption
May 26, 2026

The trades have always demanded grit, but grit alone doesn’t build a strong workforce. People need structure, clear expectations, and a sense that their work is taking them somewhere. That’s especially true in HVAC and mechanical services, where employers are trying to hire, retain, and develop talent in a labor market that feels tighter and…

Read More
courage
Creative Confidence and Moral Courage: The Leadership Traits Business Schools Should Be Betting On
May 25, 2026

What students need from higher education is becoming harder to pin down than it once was. As higher education faces mounting pressure—from student disengagement to the rapid rise of artificial intelligence—institutions are being forced to rethink not just what students learn, but who they become. New research and industry signals suggest that technical knowledge…

Read More