Recent News on a Covid-19 Vaccine is Uplifting but Waiting for it to Arrive Before Tackling Hospitality's Debt Burden is not an Option.
The news of effective Covid vaccines is about as good as it gets, but will they be the panacea that cures all the ills within the hospitality sector? While it is certainly promising in the medium- to long-term though, it will do nothing to address the debt accrued within the sector since the ????rst lockdown in March.
It is generally accepted 2021 will be just as challenging as 2020, albeit for different reasons. Uncertainty will be the primary concern and, whatever happens, landlords and tenants need to embrace and shape the new normal that will become clearer as we reach the end of next year.