The Path Ahead for Real Estate-Driven Industries: Hospitality & Leisure
More than a year into the global pandemic, COVID-19 has altered how people work, live and relax. Such changes, both short- and long-term, have profound impacts on real estate-driven industries. In this insight, we leveraged our proprietary Forecast Engine tool to analyze these changes and synthesize future expectations in the Hospitality & Leisure sector. In doing so, we sought to answer two primary questions. First, how much has this sector of the real property market been impacted by COVID-19 to date? Second, how long until this sector returns to pre-COVID-19 results, if at all?
For a unique perspective, we have garnered insights on the impact to the real property market by analyzing real estate investment trusts (REITs) which buy, sell, lease and operate the real assets in the sector. This analysis accumulated data for 18 publicly traded REITs that operate in the Hospitality & Leisure sector by leveraging data algorithms and dashboard analytics from our Forecast Engine. The information was then synthesized, revealing future expectations of key operating metrics from 2019 through 2024.
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