Investors Play It Safe Ahead of Recovery in Hotel and Retail
Predictions of retail and hotel demise at the pandemic’s peak were exaggerated. However, investors are playing it safe by investing in top tier assets. That’s the consensus from LightBox’s second-quarter Investor Sentiment Report.
Retail is navigating the challenges of e-commerce growth and physical store declines, while evaluating new concepts and experiential strategies. Hotel is embracing the surge from almost unparalleled “emerging from the pandemic” spring and summer travel activity.
Yet industry experts are more than anxiously awaiting the return of the all-important business and convention travelers. There’s a general consensus that a broader recovery will require an expansion beyond the ultra-safe assets.
“The commercial real estate industry is skillfully navigating a complex set of challenges while at the same time seeing many positive signs of recovery and renewal at mid-year 2021,” said Tina Lichens, SVP, broker operations, LightBox. “The retail and hospitality sectors are poised for continued growth and transformation.”
