SAN FRANCISCO—The COVID-19 pandemic has forced millions of people around the world to stay home, bringing socializing to a halt. But once the quarantine is over, will travelers be packing suitcases right away?
This is one of the top questions the commercial real estate industry is facing as it braces for the new normal. In fact, travel and tourism amounts for roughly 10% of the world economy and supports 330 million jobs.
Some countries and regions are highly dependent on tourism. Tropical paradises such as the Maldives, British Virgin Islands, Bahamas and Hawaii have all been hit especially hard by the recent reduction in tourism.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
