Nonprofit theaters see revenues evaporate as they wait for reopening guidance

Nonprofit theaters see revenues evaporate as they wait for reopening guidance

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The pandemic has hit pretty much all nonprofits in the state, but arts organizations are in a particularly precarious position, said Gian-Carl Casa, president and CEO of the CT Community Nonprofit Alliance. That’s because in addition to not being able to hold — or sell tickets for — in-person events, state funding for many of these groups comes from hotel tax revenue, which is likely to shrink significantly as hotels are on pace to lose more than 57% of revenue per room in 2020, according to STE and Tourism Economics, which track the industry.

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Hartford Business Journal
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