Both hotels and the short-term rental market are reeling from the coronavirus-driven travel collapse, but industry reports show that the latter is weathering the health crisis more successfully due to its different nature. “The features that differentiate short-term rentals from hotels—such as full-service amenities, living space, larger properties, and inventory in more remote destinations—have proven…
How the industry looks like currently
The coronavirus pandemic has created a great opportunity for many women to start the business they had always wanted and its “snowball effect” will inspire more female founders to take the leap and begin their entrepreneurial journeys, says an expert. “We are seeing a massive influx of women trying to start their businesses, having…
The live music industry is indefinitely on hold amid the coronavirus pandemic as concert halls and similar venues are closed, and this has led to the suffering of thousands of artists and crew members around the world. A survey of nearly 2,000 music professionals by the National Independent Venue Association (NIVA)—a recently established advocacy group…
The economic damage to the global tourism sector as a result of the coronavirus pandemic is likely to exceed $1 trillion this year, which would set the industry back two decades, according to a new report from the United Nations. “Depending on when travel restrictions will be fully lifted, the World Tourism Organization expects international…
Germany is considered a success by European startups when it comes to crisis management and resilience in the ongoing COVID-19 pandemic, according to the initial results of a survey by Startups & Places. The annual survey, which was launched in June 2020 and is still open, aims to map and share the most significant trends…
Some health experts around the world have been warning about a new wave of the coronavirus pandemic but another group is reluctant to label the rise in cases a “second wave”, arguing that it is too soon to predict how the situation will pan out. According to Euronews, the World Health Organization warned in late…
The shared mobility industry has very quickly lost both passengers and profits as a result of the coronavirus outbreak but it can make a strong comeback with the right strategies, says McKinsey & Company. “Consumers are indeed wary of shared mobility, given the risk of viral infection, and mobility-service providers (MSPs) must take decisive…
Lifting coronavirus lockdown restrictions may not by itself be sufficient to restore confidence or growth and economic recovery will start only when the pandemic is under control, according to McKinsey & Company. “The evidence heavily suggests that a multifaceted public-health response that goes well beyond a simple transient lockdown is a necessary first step to…
Some trends looked years away from the mainstream before the COVID-19 pandemic but are now suddenly seeing accelerated mass adoption. Analysis by TrendWatching—a consumer trend-watching firm—shows that the following 10 emerging consumer trends offer powerful early signals of what people will value and their priorities in a post-coronavirus world. 1- Virtual Experience Economy The…
