The fat has been cut and now comes muscle.
Work Adjustment and Retraining Notifications (WARN) have been filed with the state.
Almost every major hotel is in the process of shedding or getting ready to cut major workforce numbers in the coming weeks.
Raw numbers show the Ace Hotel is ready to let go 88 employees.
Sheraton Canal Street has 170 workers on their dismissal list.
Other hotels: Monteleone, Roosevelt, Hyatt Regency, Hilton Riverside, NOPSI, Marriott, Marriott Convention Center, and Ritz Carlton have all notified the state layoffs are underway or coming.
This is what happens when occupancy levels are way below 50% for much of the year.
The Greater New Orleans Hotel & Lodging Association reports New Orleans hotels averaged 10-11% occupancy.
Barely enough to keep the lights on.
According to the industry analyst STR, occupancy was at 33% in August. It was 28.9% in July, 27.4% in June, and 22.9% in May in the five parishes surrounding New Orleans.
These numbers are well below break-even with no end to the pandemic in sight.