Around 44% of US corporate travel managers think that travel volume will shift to virtual in 2021, up from 34% when surveyed in October. The expectations are a bit more optimistic for 2022, showing only 27% expecting the shift up from 22%.
Around 44% of US corporate travel managers think that travel volume will shift to virtual in 2021, up from 34% when surveyed in October. The expectations are a bit more optimistic for 2022, showing only 27% expecting the shift up from 22%.
BlackRock Inc. has raised $3 billion to invest in the private-equity secondary market. BlackRock Secondaries & Liquidity Solutions LP is among the largest debut funds ever raised to buy secondhand private equity stakes.
At the end of 2020, 137 million square feet of office space was available for sublease across the U.S., up 40% from a year earlier and the highest figure since 2003.
Women’s participation in the labor force slipped to 57%, the lowest it has been since 1988. More than 2.3 million women have dropped out of the labor force during the pandemic, compared with 1.8 million men.
Digital Bridge, merged with Colony Capital in 2019, at which time 80% of Colony’s assets were in traditional real estate. Since then, 60% of the merged company’s assets have become data centers, cell towers and fiber networks.
According to pipeline data as at December 2019, there were 3,867 hotels and 603,037 rooms set to open in 2020. Of these, 322,561 rooms were completed, equating to a 53% completion rate. This is a substantial drop compared to 2019 when completed hotel projects totaled 77% of the pipeline.
Hudson Group, which runs the eponymous convenience shops in U.S. airports and temporarily closed more than 700 of its more than 1,000 stores during the pandemic, has reopened 635 of them.
While not cruising, Carnival Corp. told investors that it expected to burn through an average of $600 million in cash a month just to keep vessels maintained, sustain corporate operations and invest in preparations to return to sea.
The federal eviction moratorium doesn’t guarantee renters the right to renew their leases. When leases expire, that is when many landlords weigh the government’s offered rent assistance payments against the chance to remove a tenant the owner no longer wants in the building.