Post by
flamingogold on May 14, 2024 10:31am
Last sector of covid to rebound
Sectors hardest hit by covid....
Cruise industry - where it all started
Long term care/nursing homes - ground zero for media attention
Dine-in restaurants - many shuttered and forced to survive with take-out
Gyms - shuttered completely then minimum capacity with masks
Airlines - forced to fly with empty seats in between and everyone vaxxed and masked
Office - went to work from home and zooming but slowly return to work days/week increasing
In all those sectors, I have heard people say...
No one will ever cruise again (cruises today are full)
No one will ever go to a restaurant again (restos bounced back big time)
No one will ever fly again... yes I actually read that on these boards
Pelaton and home workouts became a star (Pelaton now struggling)
Senior care will move to home (LTC is almost back to pre-covid capacity and wait times are years)
And last of the crowd, no one will ever go to an office again. Yes, I heard that one too when work was 5 days/week at home and everyone was zooming. Slowly companies are bringing back the number of in-office days (govt going to 3 by September). When we get the next recession and unemployment spikes and interest rates drop, this is when the cycle will be complete and the employer gets the power back.
For now, the sector pain continues. But, like the rest in that list, it's coming back too.