In another Future of Real Estate podcast, Damian Wild speaks to UK Hospitality’s CEO Kate Nicholls about the impact on the sector of a third lockdown, and how recovery is some way off despite good news on the vaccine front.
Nicholls warns that much of the sector will collapse without help from government and support from landlords. And she says that landlords hoping to recover all the rent they have lost from hospitality businesses are being unrealistic.
More than that though, Nicholls says that the impact of the coronavirus pandemic will be felt by urban centres nationwide. What’s needed is nothing less than a Marshall plan for town centres to ensure their survival.