Industry Insights

In the property sector, the retail industry has been one of the most badly hit by the COVID-19 pandemic. In the mere three months since the escalation of cases in the country, it inflicted severe complications to the operations of businesses and profitability of retailers due to the enforced lockdowns and the looming fear among individuals.

It is no secret that tourism has been one of the badly hit industries by the COVID-19 pandemic, but despite the crisis, the Department of Tourism (DOT) continues to think of ways on how to mitigate the economic impact of the pandemic.

The prolonged and continuous improvisation of the community quarantine has left business operations in a vulnerable state. Majority of retail operations are struggling to adapt to the impact of the COVID-19 pandemic to the industry. Though use of digital retail is progressive during this period, physical retail establishments are still reeling from being temporarily closed down.

As another year unfolds, another set of trends and outlook are also awaiting to be tapped this year. Here are the six real estate ventures to watch out for!