Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

Financial Services Asset Management

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership.

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Sir Royalty Income Fund > Power of pent-up demand

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Post by flamingogoldon May 26, 2021 11:26am

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Post# 33267694

Power of pent-up demand

NCL's CEO Frank Del Rio said yesterday that 2022 bookings (at full prices too) are so strong that they will have the best year in the company's history! This is noteworthy considering the cruise industry was ground zero for covid.

https://www.cnbc.com/video/2021/05/25/norwegian-cruise-line-ceo-says-2022-could-be-the-industrys-best-year.html?__source=flipboard

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.

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