We all had expectations for the year 2020. Then the coronavirus happened. The twin perils of pandemic disease and economic downturn left small businesses far and wide reeling. We’re all trying to figure out what the future is going to look like.
In this special series, we try to predict how the coronavirus will affect different industries. We have no way now of knowing whether our predictions will come true, but it’s still important to talk, think, and try to process this massive world-changing event together.
The restaurant industry was devastated the moment the coronavirus became serious. Unfortunately, many more difficult years lie ahead.
People aren’t flying and they’re not driving, so they don’t need places to stay. What does that mean for the hospitality industry?
Passenger air traffic in the United States dropped by 94%. Half of all planes are sitting on the tarmac. Major airlines are collectively losing between $350 and 400 million PER DAY because revenues have dried up.
There has been a massive increase in demand for eCommerce, with some products and services seeing an unprecedented surge in growth. We’ve all heard about the toilet paper shortages, but did you know that baby product demand increased by thirteen-fold?
Some gyms are open now, but with social distancing guidelines and a general concern for public health, many people don’t think that going out is worth the hassle anymore.
The gambling industry involves putting people in close quarters or touching objects handled by a hundred other people that day. It’s a bad time for that.