Exactly as we anticipated last week, confirmation of the re-opening of much of our leisure and hospitality industry has been followed by a pronounced uptick in short term booking intentions for July and August – be it hotels, staycations or restaurants. For these cash-starved sectors, the coming to fruition of a much-anticipated post-lockdown spike in demand will be very welcome news. Once this pent up demand is spent, however, we are left with a twin threat to the recovery phase: recessionary headwinds impacting discretionary spending power, and residual fears among many consumers about the threat posed by COVID-19
1 July 2020 |
Tracking Consumer Sentiment on the Impact of COVID-19 - Week 19
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