Single Family Rental Market - A Robust Growth Ahead
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Travel Update
Before the pandemic, there was an estimated number of 2 million people traveling per day. In April, there was a sufficient decreased to only 100,000 people traveling per day. However, we have since seen a slow growth in travel - doubling to 200,000 travelers per day within the last 6 weeks.
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2021 The Return Of Festivals
2021 is a year of healing after a whole year of social distancing and no outdoor entertainment. Together with the administration of vaccines, fully vaccinated people are allowed to travel within the U.S. without having to be tested or having quarantine later. As a result, outdoor activities and festivals will gradually reopen with safety precautions in place.
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Demand Boost
As hotels slowly welcome travelers to the new service, cleanliness and operations protocols, travelers seem to be more eager to finally break away from their at-home makeshift work office. We have seen this first hand at TownePlace Suites Chino Hills.
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