Surveying the Carnage: How Real Estate, Travel and Music Are Faring During the Crisis
The second order effects of the COVID-19 crisis are here, and they’re painful. In this episode, NLW looks at how COVID is impacting three industries: Travel and tourism 100m lost jobs expected globally $2.7 in lost GDP Airbnb lays of...
May 7, 202025m 24s
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Show Notes
The second order effects of the COVID-19 crisis are here, and they’re painful. In this episode, NLW looks at how COVID is impacting three industries:
- Travel and tourism
-
- 100m lost jobs expected globally
- $2.7 in lost GDP
- Airbnb lays of 25% of employees
- Music & Concerts
-
- From a record $12.2B concert year to a loss of $9B
- Expectations of concert prohibition lasting up to two years
- Industry organizing to be included in relief
- Real Estate
-
- Commercial real estate expecting 2.5% default rate for 5+ years
- Negotiations around sales-based payment instead of traditional rent
- Residential sees cratering demand but home prices remain up year over year