COVID takes bite out of Downtown tourism fund
Four months of the COVID-19 pandemic carved $4.2 million out of annual income from the Downtown Memphis Tourism Development Zone.
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Four months of the COVID-19 pandemic carved $4.2 million out of annual income from the Downtown Memphis Tourism Development Zone.
Some experts expect fewer hotels to be built in Memphis over next couple years because of tight credit market for projects with no clear path for recovery from COVID-19.
Hilton Worldwide officials didn't say how many jobs would be lost at the company's Memphis operations headquarters, which employs about 1,100. The company is trimming 22% of corporate jobs.
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