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Most inventory added in Q2 since 2017, with strong absorption rates and slight increase in rents. Sales have slowed to a crawl, but Colliers sees "a conglomerate of deals" once pandemic conditions improve.
The pandemic struck at the worst time for Phoenix hotels, but a diverse tourism market and little reliance on convention business will fuel a swift recovery.
The report found patients are trying to avoid hospitals during the COVID-19 pandemic, with some going so far as to say they wouldn't go to the ER for a medical emergency.