TSX:SRV.UN - Post by User
Comment by
flamingogoldon May 26, 2021 12:25pm
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Post# 33268121
RE:RE:Power of pent-up demand
RE:RE:Power of pent-up demandYes, alcohol sales are included in the SSS number. What's also substantial to note is that household disposable savings rate due to covid is the highest in decades, from a measly 2-3% annually to as high as 28%. People are sitting on loads of cash that is itching to get spent on all the things we missed out on for the last 14 months and counting.
https://financialpost.com/news/economy/canada-statistics-agency-eyes-savings-pot-of-cash-for-hints-on-recovery-2 BlueJay2020 wrote: Yep, a rising tide lifts all boats! The fact that Jack Astor's performance was mediocre, to say the last, in the period before COVID will be completely forgotten. It's a clean slate and fewer other competing slates. On top of that, I think people will also be drinking more alcohol as part of these celebrations, which we will get a piece of if my memory is correct.
flamingogold wrote:
While SRV is unrelated to cruising, what's similar is indoor dining restaurants have been heavily impacted by covid like travel and similarly the pent-up demand that will follow.
Not only will there be fewer dining establishments post covid, but the desire to socialize in an indoor setting with friends and family for 2022-23 should hit record levels much the same as cruising/travel.