BREAKDOWN: Surveying the Carnage: How Real Estate, Travel and Music Are Faring During the Crisis

This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

The second order effects of the COVID-19 crisis are here, and they’re painful. In this episode, NLW looks at how COVID is impacting three industries:

Travel and tourism

100m lost jobs expected globally $2.7 in lost GDP Airbnb lays of 25% of employees 

Music & Concerts

From a record $12.2B concert year to a loss of $9BExpectations of concert prohibition lasting up to two yearsIndustry organizing to be included in relief 

Real Estate

Commercial real estate expecting 2.5% default rate for 5+ years Negotiations around sales-based payment instead of traditional rent Residential sees cratering demand but home prices remain up year over year

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