The Chairman and the Board  members of the Jordan Hotels Association visited the Development and Employment Fund, where an expanded meeting was held to discuss the current state of the hotel sector and the challenges it is facing amid the ongoing regional circumstances, in addition to the cumulative impacts experienced by the sector since the COVID-19 pandemic and the repercussions of the war on Gaza.

During the meeting, the Association’s delegation reviewed the scale of the financial and operational pressures facing hotel establishments, and the resulting decline in occupancy rates and revenues, which has directly affected the ability of many establishments to meet their financial obligations.

The Association stressed the importance of adopting supportive measures that would contribute to enhancing the sector’s sustainability and ensuring the continuity of hotel operations. It called for the postponement of loan installments granted to hotel establishments, the extension of loan repayment periods for no less than one year, and the suspension of any legal or enforcement actions against establishments unable to meet their installment payments, including precautionary seizure procedures.

For their part, officials at the Development and Employment Fund expressed their understanding of the exceptional circumstances facing the tourism and hotel sector. Both parties agreed on a number of measures aimed at easing the burdens on hotel establishments and supporting the sustainability of their operations.

At the conclusion of the meeting, the Chairman and the Board members of the Jordan Hotels Association expressed their appreciation for the Fund’s management and cooperation, commending the spirit of partnership and understanding demonstrated by the Fund toward the challenges currently facing the hotel sector.