The hotel comment made me think this might be a guest suite or something similar, but either way the advice is the same.
Given that you've got both the draining and jets failing at the same time, I'd lean toward what poolmom_sarah said about the circulation pump, but I'd also add one more thing to check before you pull anything apart. Look at your check valves. On older tubs especially, those little one-way valves in the plumbing are notorious for sticking open or cracking, and when they fail, water absolutely will siphon back out of the tub through the plumbing lines. You wouldn't necessarily see any obvious damage, it just slowly empties while sitting there.
The easiest way to narrow it down is to fill the tub back up, kill power to it completely, and watch whether it drains with the pump off. If it does, you're almost certainly looking at a plumbing issue like a failed check valve or that air control valve nroberts mentioned, not an electrical or pump problem. If it holds water fine with the power off but drains when the system tries to run, then the pump itself or the way it's priming is probably the culprit. Either way I'd get someone local to look at the pump impeller before spending money on parts, because a lot of these symptoms on older units end up tracing back to the same worn-out pump that's been struggling for a while.