Additionally, the leisure and hospitality sector accounted for roughly 40 % of the state’s normal fund, Hill mentioned. “Nevada is extra dependent on tourism and hospitality than Alaska is on oil or Montana is on coal or Michigan is on the auto business. To match, tourism represented about 16 percent of Nevada’s total economic output in 2018, whereas Hawaii got here in second at 10 % – no different state within the nation had a tourism GDP of more than 6 p.c, in response to PEW data. Last week, Caesars furloughed 90 % of its home workforce. How lengthy you want the cash to final? Robinson mentioned that the help from the federal government with the additional funding in the Cares Act will help keep cash within the pockets of workers who misplaced their jobs, nonetheless, the actual concern lies with the businesses and whether they will be capable of financially recover.
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