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NEWS |
FORBES: Can Insolvencies Be Avoided In The Face Of $3.4 Billion Losses For Airport Retailers?7/21/2020
Anyone who thinks that downtown retailing is having a hard time during the Covid-19 era needs to visit any airport in the U.S. Retail and restaurant concessionaires there are on their knees thanks to forced closures and travel bans.
USA. Airport retailers and restaurateurs in the US will lose a combined US$3.4 billion between now and the end of 2021 due to the impact of the COVID-19 crisis. That’s the latest estimate of the Airport Restaurant & Retail Association (ARRA) in a new paper that underlines the need for urgent relief from government and airport partners.
DENVER -- On a recent Monday, a simple sign greeted would-be customers at the shuttered Cantina restaurant in Denver Airport's eerily empty main terminal.
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