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The Hyatt Regency in Trinidad and Tobago. (Photo TripAdvisor)

Hyatt Regency Trinidad announces layoffs

The Hyatt Regency in Trinidad and Tobago. (Photo TripAdvisor)

Hyatt Regency Trinidad is laying off an undisclosed number of workers.

The Hyatt Regency in Trinidad and Tobago. (Photo TripAdvisor)

The announcement was made in an internal memo which noted that the downturn in the global travel market had affected the company’s operations.

According to the company, the layoffs are a necessary cost-saving measure being rolled out in order for the business to stay afloat.

“Unfortunately, as a result, we made the extremely difficult decision to implement temporary layoffs across our hotel workforce for a portion of our colleagues,” read a statement from the company.

The hotel chain back in March 2020 said it would layoff 1, 300 people globally as it grapples with the economic fallout from the coronavirus.

Trinidad and Tobago’s borders have been closed since March when the COVID-19 virus was first recorded in the region.

According to the American Hotel and Lodging Association and the US Travel Association, the hotel industry is estimated to lose US$1.4 billion in revenue every week as a result of the pandemic.

— Denieca Daniels