The Breakdown

Surveying the Carnage: How Real Estate, Travel and Music Are Faring During the Crisis


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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
...more
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