The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
3. www.SVN.com
Economic
Updates
Provided by
○ A recent report by Placer Labs studying foot traffic activity for
the four major business travel sectors — airports, trains/buses,
convention centers, and hotels — found that hotels and
airports have climbed past pre-pandemic levels. In contrast,
trains/buses and convention centers continue to recover.
○ The report shows hotels have experienced the most robust
post-pandemic recovery (using a 2019 baseline).
○ As COVID shut down most travel activity in April 2020, hotel
foot traffic dropped an unprecedented 97% from its January
2019 level. The sector recovered as high as 62% above pre-
pandemic levels by July 2021.
○ Airport traffic, which fell by 93% in April 2020, similarly
recovered much of its activity by Summer 2021 but climbed as
high as 23% by July 2022.
○ Foot traffic at train and bus stops as well as at convention
centers, has yet to recover 2019 activity levels.
A BUSINESS TRAVEL REBOUND
40. www.SVN.com
Events
& Webinars
WEDNESDAY
MARCH 15
Best Practices Webinar
8:30 AM PT | 11:30 AM ET
THURSDAY
MARCH 16
Women of SVN Meeting
10:00 AM PT | 1:00 PM ET
SATURDAY
MARCH 18
Saturday Call with John McDermott
8:30 AM PT | 11:30 AM ET
Date: March 13-18, 2023
42. Please visit www.svn.com for more
information on the properties
featured on today’s call and to view
all of SVN’s active listings.
DISCLAIMER
This information has been obtained from sources believed reliable. We have not
verified it and make no guarantee, warranty or representation about it. Any
projections, opinions, assumptions or estimates used are for example only
and do not represent the current or future performance of the property. You and your
advisors should conduct a careful, independent investigation of the property to
determine to your satisfaction the suitability of the property for your needs.
All SVN® offices are independently owned and operated.